SB Financial Group (NASDAQ:SBFG) Stock Price Passes Above Fifty Day Moving Average of $16.62

SB Financial Group Inc (NASDAQ:SBFG) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $16.62 and traded as high as $16.74. SB Financial Group shares last traded at $16.74, with a volume of 3,233 shares traded.

Separately, ValuEngine cut shares of SB Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 11th.

The firm has a 50-day moving average of $16.61. The firm has a market capitalization of $106.82 million, a PE ratio of 10.99 and a beta of 0.73. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.20.

SB Financial Group (NASDAQ:SBFG) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). The firm had revenue of $12.52 million for the quarter, compared to the consensus estimate of $13.90 million. SB Financial Group had a return on equity of 10.40% and a net margin of 19.05%. As a group, research analysts forecast that SB Financial Group Inc will post 1.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.36 annualized dividend and a dividend yield of 2.17%. SB Financial Group’s dividend payout ratio (DPR) is presently 23.84%.

In other news, Director George W. Carter acquired 1,500 shares of SB Financial Group stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average price of $17.99 per share, for a total transaction of $26,985.00. Following the purchase, the director now directly owns 3,187 shares in the company, valued at approximately $57,334.13. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have purchased 3,170 shares of company stock valued at $55,393. 4.10% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SBFG. Advisory Services Network LLC bought a new position in shares of SB Financial Group during the 2nd quarter worth approximately $26,000. BlackRock Inc. raised its stake in shares of SB Financial Group by 10.2% during the 4th quarter. BlackRock Inc. now owns 6,854 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 635 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new position in shares of SB Financial Group during the 2nd quarter worth approximately $188,000. Acadian Asset Management LLC raised its stake in shares of SB Financial Group by 2.6% during the 1st quarter. Acadian Asset Management LLC now owns 25,091 shares of the financial services provider’s stock worth $453,000 after acquiring an additional 642 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its stake in shares of SB Financial Group by 26.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 98,000 shares of the financial services provider’s stock worth $1,766,000 after acquiring an additional 20,486 shares in the last quarter. Hedge funds and other institutional investors own 47.40% of the company’s stock.

SB Financial Group Company Profile (NASDAQ:SBFG)

SB Financial Group, Inc, through its subsidiaries, provides range of banking and wealth management services to individual and corporate customers primarily in northwest Ohio and northeast Indiana. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit.

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