SB Financial Group, Inc. (NASDAQ:SBFG) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its position in shares of SB Financial Group, Inc. (NASDAQ:SBFG) by 21.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,312 shares of the financial services provider’s stock after selling 4,204 shares during the period. Ritholtz Wealth Management owned about 0.23% of SB Financial Group worth $319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PL Capital Advisors LLC grew its holdings in SB Financial Group by 1,991.0% during the 4th quarter. PL Capital Advisors LLC now owns 588,805 shares of the financial services provider’s stock worth $12,312,000 after acquiring an additional 560,646 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of SB Financial Group during the 4th quarter worth approximately $208,000. Northern Trust Corp lifted its position in shares of SB Financial Group by 41.5% during the 4th quarter. Northern Trust Corp now owns 25,108 shares of the financial services provider’s stock worth $525,000 after buying an additional 7,370 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of SB Financial Group by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 164,832 shares of the financial services provider’s stock worth $3,447,000 after buying an additional 5,137 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in shares of SB Financial Group during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 66.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of SB Financial Group from a “hold” rating to a “buy” rating in a research report on Monday, May 5th.

SB Financial Group Stock Up 1.4%

Shares of NASDAQ:SBFG opened at $17.62 on Friday. The company has a market capitalization of $115.06 million, a PE ratio of 10.36 and a beta of 0.27. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. SB Financial Group, Inc. has a twelve month low of $13.20 and a twelve month high of $24.48. The firm has a 50 day simple moving average of $18.95 and a 200-day simple moving average of $20.35.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $15.39 million during the quarter, compared to the consensus estimate of $11.30 million. SB Financial Group had a net margin of 13.47% and a return on equity of 9.23%. On average, equities analysts predict that SB Financial Group, Inc. will post 2 EPS for the current fiscal year.

SB Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, May 16th. This is an increase from SB Financial Group’s previous quarterly dividend of $0.15. SB Financial Group’s payout ratio is currently 35.29%.

SB Financial Group Company Profile

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.