SB Financial Group, Inc. (SBFG) to Issue Quarterly Dividend of $0.17 on November 27th

SB Financial Group, Inc. (NASDAQ:SBFG) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 13th will be paid a dividend of $0.1650 per share by the financial services provider on Friday, November 27th. This represents a $0.66 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 13th. This is a 3.1% increase from SB Financial Group’s previous quarterly dividend of $0.16.

SB Financial Group has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. SB Financial Group has a payout ratio of 29.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SB Financial Group to earn $2.65 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 24.9%.

SB Financial Group Stock Performance

SBFG stock opened at $29.11 on Wednesday. SB Financial Group has a 1 year low of $19.52 and a 1 year high of $32.93. The stock has a market capitalization of $181.94 million, a price-to-earnings ratio of 10.90 and a beta of 0.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.94 and a current ratio of 0.95. The stock’s fifty day moving average is $29.59 and its two-hundred day moving average is $24.75.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings results on Friday, October 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. SB Financial Group had a net margin of 17.17% and a return on equity of 11.46%. The company had revenue of $18.03 million during the quarter, compared to the consensus estimate of $12.80 million. On average, research analysts predict that SB Financial Group will post 2.60 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SBFG. Capital One Financial set a $32.00 target price on shares of SB Financial Group in a research note on Thursday, October 29th. Weiss Ratings upgraded shares of SB Financial Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, November 3rd. Brean Capital lowered shares of SB Financial Group from a “buy” rating to a “neutral” rating and set a $32.00 price target on the stock. in a research note on Thursday, October 29th. Finally, Wall Street Zen cut SB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, SB Financial Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

About SB Financial Group

SB Financial Group, Inc. is a financial holding company headquartered in Defiance, Ohio. Through its principal subsidiary, The State Bank and Trust Company, the company provides community banking services to individuals, families, businesses and organizations. The State Bank and Trust Company offers deposit accounts, commercial and consumer lending, residential and commercial real estate financing, treasury management and other traditional banking products. The company also provides trust, investment management and wealth management services, along with mortgage banking and related financial services.