SB Financial Group (NASDAQ:SBFG) Director Richard Hardgrove Sells 977 Shares of Stock

SB Financial Group, Inc. (NASDAQ:SBFG) Director Richard Hardgrove sold 977 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $22.15, for a total value of $21,640.55. Following the completion of the sale, the director directly owned 13,938 shares of the company’s stock, valued at $308,726.70. The trade was a 6.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

SB Financial Group Stock Performance

Shares of SBFG opened at $21.92 on Thursday. The firm has a market cap of $138.10 million, a price-to-earnings ratio of 10.00 and a beta of 0.22. The business’s 50 day moving average is $22.10 and its two-hundred day moving average is $20.90. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. SB Financial Group, Inc. has a 52-week low of $17.10 and a 52-week high of $24.48.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings results on Friday, January 30th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $16.58 million for the quarter, compared to analyst estimates of $12.30 million. SB Financial Group had a return on equity of 11.02% and a net margin of 15.35%. Analysts forecast that SB Financial Group, Inc. will post 2 EPS for the current fiscal year.

SB Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $0.155 per share. The ex-dividend date is Friday, February 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.8%. SB Financial Group’s payout ratio is currently 28.18%.

Hedge Funds Weigh In On SB Financial Group

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in SB Financial Group by 82.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,157 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 2,328 shares in the last quarter. Bank of America Corp DE increased its stake in SB Financial Group by 496.4% in the 3rd quarter. Bank of America Corp DE now owns 15,852 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 13,194 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of SB Financial Group by 3.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 81,511 shares of the financial services provider’s stock valued at $1,572,000 after acquiring an additional 2,963 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of SB Financial Group during the third quarter worth about $213,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of SB Financial Group by 12.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 31,001 shares of the financial services provider’s stock worth $598,000 after purchasing an additional 3,542 shares during the last quarter. Hedge funds and other institutional investors own 66.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SBFG shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of SB Financial Group in a research report on Monday, December 29th. Zacks Research downgraded SB Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

SB Financial Group Company Profile

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.