SB Financial Group (NASDAQ:SBFG) Stock Crosses Below 200 Day Moving Average – Here’s Why

SB Financial Group, Inc. (NASDAQ:SBFG)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.04 and traded as low as $19.97. SB Financial Group shares last traded at $20.16, with a volume of 12,084 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SBFG. Zacks Research downgraded shares of SB Financial Group from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of SB Financial Group in a report on Monday, December 29th. Finally, Wall Street Zen lowered SB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

SB Financial Group Stock Down 1.0%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.93 and a current ratio of 0.94. The stock’s fifty day simple moving average is $21.51 and its two-hundred day simple moving average is $21.04. The stock has a market capitalization of $126.99 million, a P/E ratio of 9.16 and a beta of 0.24.

SB Financial Group (NASDAQ:SBFG) last released 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 net margin of 15.35% and a return on equity of 10.88%. As a group, research analysts expect that SB Financial Group, Inc. will post 2 EPS for the current fiscal year.

SB Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, February 13th. SB Financial Group’s dividend payout ratio (DPR) is currently 28.18%.

Institutional Investors Weigh In On SB Financial Group

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its stake in shares of SB Financial Group by 131.1% in the third quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider’s stock valued at $35,000 after buying an additional 1,016 shares during the period. Bank of America Corp DE lifted its stake in shares of SB Financial Group by 4,732.7% in the second quarter. Bank of America Corp DE now owns 2,658 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 2,603 shares during the period. JPMorgan Chase & Co. boosted its holdings in SB Financial Group by 23,475.0% in the second quarter. JPMorgan Chase & Co. now owns 2,829 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 2,817 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in SB Financial Group by 8,594.1% in the third quarter. Farther Finance Advisors LLC now owns 2,956 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 2,922 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in SB Financial Group during the 2nd quarter valued at approximately $62,000. 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.