Zacks Investment Research Lowers SB Financial Group (NASDAQ:SBFG) to Sell

SB Financial Group (NASDAQ:SBFGGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday, 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 assumed coverage on SB Financial Group in a research note on Friday, May 13th. They set a “hold” rating on the stock.

SB Financial Group stock opened at $18.09 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $130.43 million, a P/E ratio of 9.34 and a beta of 1.07. The business’s fifty day moving average is $19.15 and its two-hundred day moving average is $19.25. SB Financial Group has a 52 week low of $16.26 and a 52 week high of $20.85.

Several institutional investors have recently made changes to their positions in SBFG. First Manhattan Co. boosted its position in shares of SB Financial Group by 5.0% during the first quarter. First Manhattan Co. now owns 35,627 shares of the financial services provider’s stock worth $709,000 after buying an additional 1,696 shares during the period. State Street Corp boosted its position in shares of SB Financial Group by 14.4% during the first quarter. State Street Corp now owns 16,111 shares of the financial services provider’s stock worth $321,000 after buying an additional 2,033 shares during the period. Renaissance Technologies LLC boosted its position in shares of SB Financial Group by 5.2% during the first quarter. Renaissance Technologies LLC now owns 23,625 shares of the financial services provider’s stock worth $470,000 after buying an additional 1,164 shares during the period. Pinnacle Holdings LLC boosted its position in shares of SB Financial Group by 5.1% during the first quarter. Pinnacle Holdings LLC now owns 164,742 shares of the financial services provider’s stock worth $3,280,000 after buying an additional 7,953 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of SB Financial Group by 4.6% during the first quarter. Vanguard Group Inc. now owns 304,864 shares of the financial services provider’s stock worth $6,070,000 after buying an additional 13,343 shares during the period. Institutional investors own 55.33% of the company’s stock.

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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