SB Financial Group (NASDAQ:SBFG) Lifted to “Hold” at Zacks Investment Research

SB Financial Group (NASDAQ:SBFGGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “SB Financial Group, Inc. is a financial services holding company with two wholly-owned operating subsidiaries: State Bank and RDSI Banking Systems. State Bank offers a full range of financial services for consumers and small businesses, including wealth management, mortgage banking, commercial and agricultural lending. RDSI provides item processing services to community banks located in the Midwest. SB Financial Group, Inc., formerly known as Rurban Financial Corp., is based in Defiance, Ohio. “

Separately, StockNews.com started coverage on shares of SB Financial Group in a research note on Monday. They set a “hold” rating on the stock.

SB Financial Group stock opened at $18.77 on Thursday. SB Financial Group has a 12-month low of $16.26 and a 12-month high of $20.85. The stock has a market capitalization of $135.37 million, a P/E ratio of 7.63 and a beta of 1.11. The firm’s 50-day moving average is $19.44 and its two-hundred day moving average is $19.17. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.85 and a quick ratio of 0.84.

SB Financial Group (NASDAQ:SBFGGet Rating) last released its quarterly earnings results on Thursday, January 27th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. SB Financial Group had a net margin of 25.17% and a return on equity of 10.78%. The company had revenue of $15.67 million for the quarter. As a group, analysts forecast that SB Financial Group will post 1.7 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of SB Financial Group by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 141,175 shares of the financial services provider’s stock worth $2,555,000 after acquiring an additional 4,836 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in SB Financial Group by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 458,008 shares of the financial services provider’s stock valued at $8,328,000 after buying an additional 3,497 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in SB Financial Group by 61.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 2,875 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,094 shares during the period. Alliancebernstein L.P. raised its holdings in SB Financial Group by 3.9% in the third quarter. Alliancebernstein L.P. now owns 427,071 shares of the financial services provider’s stock valued at $7,765,000 after buying an additional 15,902 shares during the period. Finally, BHZ Capital Management LP raised its holdings in SB Financial Group by 10.8% in the third quarter. BHZ Capital Management LP now owns 48,433 shares of the financial services provider’s stock valued at $881,000 after buying an additional 4,727 shares during the period. 44.07% of the stock is currently owned by institutional investors and hedge funds.

SB Financial Group Company Profile (Get Rating)

SB Financial Group, Inc provides a range of commercial banking and wealth management services to individual and corporate customers primarily in Ohio, Indiana, and Michigan. It offers checking, savings, money market accounts, as well as time certificates of deposit; and commercial, consumer, agricultural, and residential mortgage loans.

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