SB Financial Group (NASDAQ:SBFG) Raised to Buy at Wall Street Zen

SB Financial Group (NASDAQ:SBFG) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

SB Financial Group Price Performance

Shares of NASDAQ SBFG opened at $22.28 on Friday. SB Financial Group has a 12-month low of $17.10 and a 12-month high of $23.93. The stock has a market cap of $139.92 million, a PE ratio of 8.70 and a beta of 0.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $21.12 and a 200 day moving average of $21.29.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. SB Financial Group had a net margin of 17.22% and a return on equity of 11.65%. The company had revenue of $17.42 million during the quarter, compared to analysts’ expectations of $12.60 million. As a group, sell-side analysts predict that SB Financial Group will post 2.53 EPS for the current fiscal year.

Institutional Trading of SB Financial Group

Several large investors have recently bought and sold shares of SBFG. Geode Capital Management LLC grew its stake in SB Financial Group by 98.3% during the 2nd quarter. Geode Capital Management LLC now owns 148,786 shares of the financial services provider’s stock valued at $2,842,000 after acquiring an additional 73,771 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in SB Financial Group during the 2nd quarter valued at about $524,000. Valmark Advisers Inc. purchased a new stake in SB Financial Group during the 3rd quarter valued at about $439,000. Marshall Wace LLP purchased a new stake in SB Financial Group during the 2nd quarter valued at about $384,000. Finally, Goldman Sachs Group Inc. purchased a new stake in SB Financial Group during the 1st quarter valued at about $350,000. Hedge funds and other institutional investors 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.