SB Financial Group (NASDAQ:SBFG) Lowered to “Hold” Rating by Wall Street Zen

SB Financial Group (NASDAQ:SBFG) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

SBFG has been the topic of several other reports. Zacks Research lowered SB Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of SB Financial Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, SB Financial Group presently has a consensus rating of “Moderate Buy”.

SB Financial Group Stock Performance

Shares of SBFG stock opened at $20.76 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40. The company has a market cap of $130.79 million, a PE ratio of 9.44 and a beta of 0.22. The company’s fifty day simple moving average is $21.72 and its 200-day simple moving average is $21.06. SB Financial Group has a 52 week low of $17.10 and a 52 week high of $23.93.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings results on Friday, January 30th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. The firm had revenue of $16.58 million during the quarter, compared to the consensus estimate of $12.30 million. SB Financial Group had a return on equity of 11.02% and a net margin of 15.35%. As a group, equities research analysts anticipate that SB Financial Group will post 2 EPS for the current year.

Institutional Trading of SB Financial Group

Several institutional investors and hedge funds have recently bought and sold shares of SBFG. Dimensional Fund Advisors LP lifted its holdings in SB Financial Group by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 192,095 shares of the financial services provider’s stock worth $4,278,000 after buying an additional 4,930 shares during the last quarter. Geode Capital Management LLC lifted its stake in SB Financial Group by 98.3% during the second quarter. Geode Capital Management LLC now owns 148,786 shares of the financial services provider’s stock worth $2,842,000 after purchasing an additional 73,771 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in SB Financial Group by 3.8% in the third quarter. Bridgeway Capital Management LLC now owns 81,511 shares of the financial services provider’s stock worth $1,572,000 after purchasing an additional 2,963 shares during the period. State Street Corp boosted its holdings in SB Financial Group by 4.6% in the fourth quarter. State Street Corp now owns 66,689 shares of the financial services provider’s stock worth $1,485,000 after purchasing an additional 2,926 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in SB Financial Group by 23.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 51,019 shares of the financial services provider’s stock valued at $1,136,000 after purchasing an additional 9,820 shares during the last quarter. Institutional investors and hedge funds own 66.67% of the company’s stock.

SB Financial Group Company Profile

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.