StockNews.com Initiates Coverage on SB Financial Group (NASDAQ:SBFG)

Equities researchers at StockNews.com initiated coverage on shares of SB Financial Group (NASDAQ:SBFGGet Rating) in a research report issued on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Shares of SB Financial Group stock opened at $17.45 on Wednesday. SB Financial Group has a 12-month low of $16.26 and a 12-month high of $20.85. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.19. The stock has a market cap of $125.85 million, a PE ratio of 9.01 and a beta of 1.07. The company has a 50-day moving average of $18.18 and a two-hundred day moving average of $19.01.

SB Financial Group (NASDAQ:SBFGGet Rating) last issued its earnings results on Thursday, April 28th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. SB Financial Group had a net margin of 21.17% and a return on equity of 9.00%. The company had revenue of $14.28 million during the quarter, compared to analysts’ expectations of $13.30 million. On average, sell-side analysts forecast that SB Financial Group will post 1.45 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of SBFG. Acadian Asset Management LLC purchased a new position in shares of SB Financial Group during the 1st quarter worth approximately $52,000. Cutter & CO Brokerage Inc. increased its stake in shares of SB Financial Group by 5.0% during the 1st quarter. Cutter & CO Brokerage Inc. now owns 11,970 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 570 shares in the last quarter. State Street Corp increased its stake in shares of SB Financial Group by 14.4% during the 1st quarter. State Street Corp now owns 16,111 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 2,033 shares in the last quarter. Venture Visionary Partners LLC increased its stake in shares of SB Financial Group by 5.2% during the 1st quarter. Venture Visionary Partners LLC now owns 23,047 shares of the financial services provider’s stock worth $458,000 after purchasing an additional 1,134 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of SB Financial Group by 5.2% during the 1st quarter. Renaissance Technologies LLC now owns 23,625 shares of the financial services provider’s stock worth $470,000 after purchasing an additional 1,164 shares in the last quarter. 55.33% of the stock is owned by institutional investors.

About SB Financial Group (Get Rating)

SB Financial Group, Inc 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.

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