SB Financial Group, Inc. (SBFG) to Issue Quarterly Dividend of $0.16 on August 28th

SB Financial Group, Inc. (NASDAQ:SBFG) announced a quarterly dividend on Wednesday, July 15th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.16 per share by the financial services provider on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 14th.

SB Financial Group has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. SB Financial Group has a payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SB Financial Group to earn $2.60 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 24.6%.

SB Financial Group Trading Up 0.4%

Shares of SB Financial Group stock traded up $0.12 on Wednesday, hitting $27.36. 2,261 shares of the company’s stock traded hands, compared to its average volume of 21,622. The company has a market capitalization of $171 million, a price-to-earnings ratio of 10.21 and a beta of 0.19. The company has a fifty day moving average of $25.06 and a two-hundred day moving average of $22.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. SB Financial Group has a one year low of $18.16 and a one year high of $27.68.

SB Financial Group (NASDAQ:SBFG) last posted its quarterly earnings results on Friday, July 31st. The financial services provider reported $0.73 EPS for the quarter. The business had revenue of $18.00 million during the quarter. SB Financial Group had a net margin of 17.67% and a return on equity of 11.95%. As a group, sell-side analysts expect that SB Financial Group will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SBFG. Weiss Ratings reiterated 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 assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About SB Financial Group

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.