SB Financial Group (NASDAQ:SBFG) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of SB Financial Group (NASDAQ:SBFG) from a buy rating to a hold rating in a research note published on Saturday morning.

Separately, Weiss Ratings reiterated 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’s stock. According to data from MarketBeat, SB Financial Group currently has a consensus rating of “Moderate Buy”.

SB Financial Group Stock Down 0.4%

SBFG stock opened at $27.24 on Friday. The firm has a market capitalization of $170.33 million, a PE ratio of 10.16 and a beta of 0.19. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.29. SB Financial Group has a twelve month low of $18.16 and a twelve month high of $28.38. The stock’s 50 day moving average is $25.41 and its 200-day moving average is $22.81.

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

SB Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 14th. SB Financial Group’s dividend payout ratio (DPR) is 23.88%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of SB Financial Group by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 187,165 shares of the financial services provider’s stock worth $3,611,000 after purchasing an additional 557 shares during the period. Bridgeway Capital Management LLC grew its position in SB Financial Group by 0.8% during the second quarter. Bridgeway Capital Management LLC now owns 78,548 shares of the financial services provider’s stock valued at $1,500,000 after buying an additional 589 shares during the period. BNP Paribas Financial Markets increased its holdings in SB Financial Group by 131.1% during the third quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider’s stock worth $35,000 after buying an additional 1,016 shares during the last quarter. Bank of America Corp DE increased its holdings in SB Financial Group by 10.8% during the first quarter. Bank of America Corp DE now owns 19,633 shares of the financial services provider’s stock worth $412,000 after buying an additional 1,908 shares during the last quarter. Finally, Deutsche Bank AG raised its position 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 worth $92,000 after acquiring an additional 1,930 shares during the period. Hedge funds and other institutional investors own 66.67% of the company’s stock.

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.