SB Financial Group (NASDAQ:SBFG) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of SB Financial Group (NASDAQ:SBFG) in a research note released on Sunday morning. The brokerage issued a hold rating on the financial services provider’s stock.

SB Financial Group Stock Performance

Shares of SBFG traded down $0.55 during midday trading on Friday, hitting $16.26. 8,751 shares of the stock traded hands, compared to its average volume of 3,868. SB Financial Group has a 1-year low of $12.42 and a 1-year high of $17.51. The firm has a market capitalization of $109.92 million, a PE ratio of 9.61 and a beta of 0.73. 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 business’s 50 day moving average price is $14.45 and its two-hundred day moving average price is $14.23.

SB Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.56 annualized dividend and a yield of 3.44%. SB Financial Group’s payout ratio is presently 32.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Princeton Capital Management LLC bought a new stake in shares of SB Financial Group during the second quarter worth $146,000. Gendell Jeffrey L lifted its stake in SB Financial Group by 7.3% in the first quarter. Gendell Jeffrey L now owns 48,823 shares of the financial services provider’s stock valued at $673,000 after buying an additional 3,335 shares during the period. Finally, Empowered Funds LLC raised its position in shares of SB Financial Group by 7.9% during the first quarter. Empowered Funds LLC now owns 33,366 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 2,450 shares during the period. 66.67% of the stock is currently owned by institutional investors and hedge funds.

About SB Financial Group

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.