The Manufacturers Life Insurance Company Buys Shares of 467,892 SB Financial Group, Inc. $SBFG

The Manufacturers Life Insurance Company purchased a new position in SB Financial Group, Inc. (NASDAQ:SBFG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 467,892 shares of the financial services provider’s stock, valued at approximately $11,824,000. The Manufacturers Life Insurance Company owned approximately 7.49% of SB Financial Group at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SBFG. BNP Paribas Financial Markets grew its position in shares of SB Financial Group by 131.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 1,016 shares during the period. Bank of America Corp DE increased its stake in SB Financial Group by 4,732.7% during the 2nd quarter. Bank of America Corp DE now owns 2,658 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 2,603 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in SB Financial Group by 23,475.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,829 shares of the financial services provider’s stock worth $54,000 after buying an additional 2,817 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in SB Financial Group during the 2nd quarter worth approximately $62,000. Finally, Deutsche Bank AG lifted its stake in SB Financial Group by 87.3% in the fourth quarter. Deutsche Bank AG now owns 4,141 shares of the financial services provider’s stock valued at $92,000 after buying an additional 1,930 shares in the last quarter. Institutional investors and hedge funds own 66.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SBFG. Wall Street Zen cut shares of SB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings restated a “buy (b)” rating on shares of SB Financial Group in a report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, SB Financial Group presently has an average rating of “Moderate Buy”.

SB Financial Group Trading Down 0.8%

NASDAQ:SBFG opened at $27.66 on Friday. SB Financial Group, Inc. has a twelve month low of $18.16 and a twelve month high of $28.47. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $26.28 and a two-hundred day moving average price of $23.15. The company has a market cap of $172.88 million, a P/E ratio of 10.32 and a beta of 0.19.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings results on Friday, July 31st. The financial services provider reported $0.73 EPS for the quarter. The firm had revenue of $18.00 million for the quarter. SB Financial Group had a net margin of 17.67% and a return on equity of 11.82%. As a group, analysts expect that SB Financial Group, Inc. will post 2.56 EPS for the current fiscal year.

SB Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 14th. SB Financial Group’s dividend payout ratio is presently 23.88%.

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.