Richard L. Hardgrove Sells 1,500 Shares of SB Financial Group, Inc. (NASDAQ:SBFG) Stock

SB Financial Group, Inc. (NASDAQ:SBFG) Director Richard L. Hardgrove sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $15.12, for a total value of $22,680.00. Following the completion of the transaction, the director now directly owns 16,688 shares of the company’s stock, valued at approximately $252,322.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

SB Financial Group Trading Down 1.2 %

NASDAQ:SBFG traded down $0.18 on Wednesday, reaching $14.98. 21,723 shares of the stock traded hands, compared to its average volume of 4,188. The firm has a market capitalization of $101.32 million, a price-to-earnings ratio of 8.56 and a beta of 0.73. The company’s 50 day moving average is $14.84 and its 200-day moving average is $14.26. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. SB Financial Group, Inc. has a 1-year low of $12.42 and a 1-year high of $17.51.

SB Financial Group (NASDAQ:SBFG) last released its earnings results on Thursday, July 18th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.11. The business had revenue of $14.05 million during the quarter, compared to the consensus estimate of $13.50 million. SB Financial Group had a net margin of 15.27% and a return on equity of 9.84%. Equities research analysts anticipate that SB Financial Group, Inc. will post 1.59 EPS for the current fiscal year.

SB Financial Group Announces Dividend

The firm also recently declared 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. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, August 9th. SB Financial Group’s payout ratio is 32.00%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on SB Financial Group in a research note on Tuesday. They issued a “hold” rating for the company.

Hedge Funds Weigh In On SB Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Princeton Capital Management LLC bought a new position in shares of SB Financial Group during the 2nd quarter worth approximately $146,000. Gendell Jeffrey L boosted its holdings in shares of SB Financial Group by 7.3% during the 1st quarter. Gendell Jeffrey L now owns 48,823 shares of the financial services provider’s stock worth $673,000 after buying an additional 3,335 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of SB Financial Group by 7.9% during the 1st quarter. Empowered Funds LLC now owns 33,366 shares of the financial services provider’s stock worth $460,000 after buying an additional 2,450 shares in the last quarter. 66.67% of the stock is currently owned by institutional investors.

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.