StockNews.com Initiates Coverage on SB Financial Group (NASDAQ:SBFG)

StockNews.com initiated coverage on shares of SB Financial Group (NASDAQ:SBFG) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

SB Financial Group Stock Performance

NASDAQ:SBFG opened at $13.51 on Wednesday. SB Financial Group has a twelve month low of $11.82 and a twelve month high of $16.25. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.83. The stock’s 50-day simple moving average is $13.69 and its 200 day simple moving average is $14.20. The firm has a market capitalization of $91.73 million, a PE ratio of 7.72 and a beta of 0.68.

Institutional Trading of SB Financial Group

A number of hedge funds have recently added to or reduced their stakes in SBFG. Empowered Funds LLC lifted its stake in shares of SB Financial Group by 7.9% in the 1st quarter. Empowered Funds LLC now owns 33,366 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 2,450 shares during the last quarter. Gendell Jeffrey L increased its holdings in SB Financial Group by 23.5% in the 4th quarter. Gendell Jeffrey L now owns 45,488 shares of the financial services provider’s stock worth $698,000 after purchasing an additional 8,654 shares in the last quarter. Finally, PL Capital Advisors LLC raised its position in SB Financial Group by 4.2% in the third quarter. PL Capital Advisors LLC now owns 28,159 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 1,123 shares during the last quarter. Institutional investors and hedge funds own 66.67% of the company’s stock.

About SB Financial Group

SB Financial Group, Inc operates as the financial holding company for the State Bank and Trust Company that 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.