SB Financial Group, Inc. (NASDAQ:SBFG) Short Interest Down 70.4% in June

SB Financial Group, Inc. (NASDAQ:SBFG) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 37,080 shares, a decrease of 70.4% from the June 15th total of 125,380 shares. Based on an average daily volume of 131,049 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Trading of SB Financial Group

A number of large investors have recently made changes to their positions in SBFG. Geode Capital Management LLC lifted its position in SB Financial Group by 98.3% during the second quarter. Geode Capital Management LLC now owns 148,786 shares of the financial services provider’s stock valued at $2,842,000 after purchasing an additional 73,771 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in SB Financial Group in the second quarter worth approximately $524,000. Marshall Wace LLP bought a new stake in SB Financial Group in the 2nd quarter worth approximately $384,000. Goldman Sachs Group Inc. bought a new stake in SB Financial Group in the 1st quarter worth approximately $350,000. Finally, Bank of America Corp DE raised its stake in SB Financial Group by 496.4% during the 3rd quarter. Bank of America Corp DE now owns 15,852 shares of the financial services provider’s stock valued at $306,000 after buying an additional 13,194 shares during the last quarter. 66.67% of the stock is currently owned by institutional investors.

SB Financial Group Stock Up 1.1%

Shares of SBFG stock traded up $0.29 during mid-day trading on Monday, hitting $26.56. The company’s stock had a trading volume of 21,068 shares, compared to its average volume of 22,065. The stock has a market cap of $166.80 million, a price-to-earnings ratio of 10.38 and a beta of 0.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. SB Financial Group has a 52-week low of $18.16 and a 52-week high of $26.80. The business has a 50-day moving average price of $22.94 and a 200 day moving average price of $21.94.

SB Financial Group (NASDAQ:SBFG) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. SB Financial Group had a return on equity of 11.52% and a net margin of 17.22%.The company had revenue of $17.42 million for the quarter, compared to analysts’ expectations of $12.60 million. Research analysts predict that SB Financial Group will post 2.53 EPS for the current fiscal year.

SB Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, May 15th. This represents a $0.64 annualized dividend and a yield of 2.4%. This is an increase from SB Financial Group’s previous quarterly dividend of $0.15. SB Financial Group’s dividend payout ratio (DPR) is currently 25.00%.

Analyst Ratings Changes

Several research analysts have issued reports on SBFG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SB Financial Group in a report on Friday, June 26th. Wall Street Zen upgraded shares of SB Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, SB Financial Group currently 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.