SB Financial Group (NASDAQ:SBFG) Stock Rating Lowered by Wall Street Zen

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

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of SB Financial Group in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

SB Financial Group Stock Performance

Shares of SBFG opened at $27.24 on Friday. The stock has a market capitalization of $170.25 million, a P/E ratio of 10.16 and a beta of 0.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.94 and a current ratio of 0.95. SB Financial Group has a 1 year low of $18.16 and a 1 year high of $28.38. The company’s fifty day moving average is $25.41 and its two-hundred day moving average is $22.81.

SB Financial Group (NASDAQ:SBFG) last released its earnings results on Friday, July 31st. The financial services provider reported $0.73 EPS for the quarter. The company had revenue of $18.00 million during the quarter. SB Financial Group had a net margin of 17.67% and a return on equity of 11.82%. On average, sell-side analysts predict that SB Financial Group will post 2.56 earnings per share for the current year.

Institutional Investors Weigh In On SB Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of SBFG. Hsbc Holdings PLC purchased a new stake in SB Financial Group during the second quarter worth $928,000. The Manufacturers Life Insurance Company purchased a new position in shares of SB Financial Group in the second quarter valued at $11,824,000. Pinnacle Holdings LLC acquired a new position in shares of SB Financial Group during the 2nd quarter worth $3,957,000. Globeflex Capital L P acquired a new position in shares of SB Financial Group during the 2nd quarter worth $179,000. Finally, BlackRock Inc. purchased a new stake in shares of SB Financial Group in the 2nd quarter worth about $4,013,000. 66.67% of the stock is currently owned by institutional investors and hedge funds.

SB Financial Group Company Profile

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.