SB Financial Group (NASDAQ:SBFG) Shares Pass Below 200 Day Moving Average of $14.23

Shares of SB Financial Group, Inc. (NASDAQ:SBFGGet Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.23 and traded as low as $13.52. SB Financial Group shares last traded at $13.52, with a volume of 1,540 shares trading hands.

Analyst Ratings Changes

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

View Our Latest Report on SB Financial Group

SB Financial Group Trading Down 1.0 %

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a market capitalization of $91.40 million, a P/E ratio of 7.73 and a beta of 0.73. The stock has a 50-day moving average price of $13.87 and a two-hundred day moving average price of $14.23.

SB Financial Group (NASDAQ:SBFGGet Free Report) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. SB Financial Group had a net margin of 15.47% and a return on equity of 10.00%. The firm had revenue of $13.13 million for the quarter, compared to analyst estimates of $13.50 million. On average, research analysts forecast that SB Financial Group, Inc. will post 1.41 EPS for the current fiscal year.

SB Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a dividend of $0.14 per share. This is an increase from SB Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.14%. SB Financial Group’s dividend payout ratio is 32.00%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SB Financial Group stock. Empowered Funds LLC boosted its position in SB Financial Group, Inc. (NASDAQ:SBFGFree Report) by 7.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,366 shares of the financial services provider’s stock after purchasing an additional 2,450 shares during the quarter. Empowered Funds LLC owned approximately 0.49% of SB Financial Group worth $460,000 at the end of the most recent quarter. 66.67% of the stock is currently owned by institutional investors.

SB Financial Group Company Profile

(Get Free Report)

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.

Further Reading

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