SB Financial Group (NASDAQ:SBFG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of SB Financial Group (NASDAQ:SBFGFree Report) in a research note published on Saturday morning. The brokerage issued a hold rating on the financial services provider’s stock.

SB Financial Group Stock Performance

Shares of SB Financial Group stock opened at $15.06 on Friday. The company has a market cap of $102.41 million, a P/E ratio of 8.61 and a beta of 0.71. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average price of $15.19 and a two-hundred day moving average price of $14.25. SB Financial Group has a 1-year low of $11.82 and a 1-year high of $17.30.

SB Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Thursday, February 8th. SB Financial Group’s payout ratio is 30.86%.

Institutional Trading of SB Financial Group

Hedge funds have recently modified their holdings of the stock. PL Capital Advisors LLC grew its holdings in SB Financial Group by 7.8% in the second quarter. PL Capital Advisors LLC now owns 27,036 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 1,961 shares during the period. EA Series Trust acquired a new position in shares of SB Financial Group during the second quarter worth approximately $329,000. State Street Corp lifted its holdings in shares of SB Financial Group by 60.8% in the 2nd quarter. State Street Corp now owns 25,903 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 9,792 shares in the last quarter. HRT Financial LP acquired a new position in SB Financial Group during the 1st quarter valued at about $292,000. Finally, Susquehanna International Group LLP bought a new position in SB Financial Group during the 1st quarter valued at $289,000. Institutional investors own 49.93% of the company’s stock.

About SB Financial Group

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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.

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