SB Financial Group, Inc. (NASDAQ:SBFG) Plans Dividend Increase – $0.15 Per Share

SB Financial Group, Inc. (NASDAQ:SBFG) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Stockholders of record on Friday, November 8th will be given a dividend of 0.145 per share by the financial services provider on Friday, November 22nd. This represents a $0.58 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Friday, November 8th. This is a boost from SB Financial Group’s previous quarterly dividend of $0.14.

SB Financial Group has raised its dividend by an average of 10.9% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. SB Financial Group has a dividend payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SB Financial Group to earn $1.78 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 32.6%.

SB Financial Group Stock Down 7.7 %

SBFG traded down $1.50 during midday trading on Wednesday, reaching $18.10. 31,476 shares of the company were exchanged, compared to its average volume of 8,038. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.91. The company’s fifty day moving average price is $18.96 and its 200 day moving average price is $16.04. SB Financial Group has a one year low of $12.85 and a one year high of $21.21. The company has a market cap of $121.81 million, a price-to-earnings ratio of 10.40 and a beta of 0.75.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of SB Financial Group in a research note on Saturday, September 21st. They set a “hold” rating on the stock.

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.