SB Financial Group (NASDAQ:SBFG) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

SB Financial Group, Inc. (NASDAQ:SBFG) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.41 and traded as low as $21.26. SB Financial Group shares last traded at $21.40, with a volume of 6,431 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of SB Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

SB Financial Group Stock Up 0.9%

The firm has a market capitalization of $136.72 million, a PE ratio of 8.50 and a beta of 0.20. The firm’s 50 day moving average price is $21.33 and its two-hundred day moving average price is $21.45. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

SB Financial Group (NASDAQ:SBFG) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $17.42 million during the quarter, compared to the consensus estimate of $12.60 million. SB Financial Group had a net margin of 17.22% and a return on equity of 11.52%. As a group, research analysts forecast that SB Financial Group, Inc. will post 2.53 EPS for the current fiscal year.

SB Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.16 per share. This is a boost from SB Financial Group’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, May 15th. This represents a $0.64 dividend on an annualized basis and a yield of 2.9%. SB Financial Group’s payout ratio is 25.00%.

Institutional Investors Weigh In On SB Financial Group

A number of hedge funds have recently bought and sold shares of SBFG. BNP Paribas Financial Markets increased its position in shares of SB Financial Group by 131.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 1,016 shares during the last quarter. Bank of America Corp DE boosted its stake in SB Financial Group by 4,732.7% in the second quarter. Bank of America Corp DE now owns 2,658 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 2,603 shares during the period. JPMorgan Chase & Co. boosted its stake in SB Financial Group by 23,475.0% in the second quarter. JPMorgan Chase & Co. now owns 2,829 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 2,817 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in SB Financial Group in the second quarter valued at approximately $62,000. Finally, Deutsche Bank AG boosted its stake in SB Financial Group by 87.3% in the fourth quarter. Deutsche Bank AG now owns 4,141 shares of the financial services provider’s stock valued at $92,000 after acquiring an additional 1,930 shares during the period. Institutional investors and hedge funds own 66.67% of the company’s stock.

About SB Financial Group

SB Financial Group, Inc (NASDAQ: SBFG) is the bank holding company for Star Financial Bank, a full-service community bank headquartered in Fort Wayne, Indiana. Through its wholly owned subsidiary, the company offers a broad portfolio of commercial and consumer banking products, including deposit accounts, lending solutions, mortgage origination and servicing, and cash management services.

In its commercial banking division, SB Financial Group provides working capital loans, equipment financing, commercial real estate lending and treasury management solutions designed for small- and mid-sized businesses.