Zacks Research Upgrades SB Financial Group (NASDAQ:SBFG) to “Strong-Buy”

SB Financial Group (NASDAQ:SBFG) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen raised shares of SB Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of SB Financial Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

SB Financial Group Stock Performance

Shares of SBFG opened at $19.66 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $124.47 million, a P/E ratio of 10.74 and a beta of 0.28. The firm’s fifty day simple moving average is $20.07 and its two-hundred day simple moving average is $19.61. SB Financial Group has a 12 month low of $17.10 and a 12 month high of $24.48.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $16.88 million for the quarter, compared to analysts’ expectations of $12.30 million. SB Financial Group had a net margin of 13.78% and a return on equity of 9.57%. As a group, analysts predict that SB Financial Group will post 2 EPS for the current year.

Institutional Investors Weigh In On SB Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of 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 during the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 2,817 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of SB Financial Group by 8,594.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,956 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 2,922 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of SB Financial Group during the 2nd quarter worth approximately $62,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of SB Financial Group during the 2nd quarter worth approximately $107,000. Hedge funds and other institutional investors own 66.67% of the company’s stock.

About SB Financial Group

SB Financial Group, Inc operates as the financial holding company for the State Bank and Trust Company that provides a range of commercial banking and wealth management services to individual and corporate customers primarily in Ohio, Indiana, and Michigan. It offers checking, savings, money market accounts, as well as time certificates of deposit; and commercial, consumer, agricultural, and residential mortgage loans.