SB Financial Group (NASDAQ:SBFG) Share Price Passes Above 50 Day Moving Average – What’s Next?

SB Financial Group, Inc. (NASDAQ:SBFG) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.14 and traded as high as $22.00. SB Financial Group shares last traded at $21.64, with a volume of 13,998 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SBFG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SB Financial Group in a research note on Monday, December 15th. Zacks Research raised shares of SB Financial Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

SB Financial Group Stock Down 1.1%

The firm has a market cap of $136.31 million, a price-to-earnings ratio of 10.21 and a beta of 0.25. The business has a fifty day simple moving average of $21.14 and a 200 day simple moving average of $20.28. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.93.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. The firm had revenue of $16.58 million during the quarter, compared to analysts’ expectations of $12.30 million. SB Financial Group had a return on equity of 10.68% and a net margin of 15.31%. As a group, equities analysts forecast that SB Financial Group, Inc. will post 2 EPS for the current fiscal year.

SB Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 14th. SB Financial Group’s dividend payout ratio (DPR) is currently 29.25%.

Institutional Trading of SB Financial Group

Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in SB Financial Group by 98.3% in the 2nd quarter. Geode Capital Management LLC now owns 148,786 shares of the financial services provider’s stock valued at $2,842,000 after acquiring an additional 73,771 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of SB Financial Group in the second quarter valued at approximately $524,000. Valmark Advisers Inc. purchased a new stake in shares of SB Financial Group in the third quarter valued at approximately $439,000. Marshall Wace LLP acquired a new stake in shares of SB Financial Group in the second quarter valued at approximately $384,000. Finally, Goldman Sachs Group Inc. purchased a new position in SB Financial Group during the first quarter worth approximately $350,000. Hedge funds and other institutional investors own 66.67% of the company’s stock.

About SB Financial Group

SB Financial Group, Inc (NASDAQ: SBFG) is the bank holding company for Star Financial Bank, a full-service community bank headquartered in Fort Wayne, Indiana. Through its wholly owned subsidiary, the company offers a broad portfolio of commercial and consumer banking products, including deposit accounts, lending solutions, mortgage origination and servicing, and cash management services.

In its commercial banking division, SB Financial Group provides working capital loans, equipment financing, commercial real estate lending and treasury management solutions designed for small- and mid-sized businesses.