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

StockNews.com began coverage on shares of SB Financial Group (NASDAQ:SBFG) in a research note published on Sunday. The firm issued a hold rating on the financial services provider’s stock.

SB Financial Group Stock Up 2.4 %

SBFG opened at $13.45 on Friday. The business’s fifty day simple moving average is $14.00 and its 200 day simple moving average is $14.16. SB Financial Group has a 52 week low of $11.82 and a 52 week high of $16.25. The stock has a market cap of $91.33 million, a PE ratio of 7.69 and a beta of 0.68. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.83.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.22. The firm had revenue of $15.12 million for the quarter, compared to analysts’ expectations of $13.40 million. SB Financial Group had a return on equity of 10.24% and a net margin of 15.94%. As a group, research analysts expect that SB Financial Group will post 1.49 earnings per share for the current fiscal year.

Institutional Trading of SB Financial Group

Several large investors have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new stake in SB Financial Group in the first quarter worth about $52,000. UBS Group AG lifted its holdings in shares of SB Financial Group by 18.2% during the second quarter. UBS Group AG now owns 9,309 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 1,434 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of SB Financial Group during the first quarter valued at approximately $216,000. Susquehanna International Group LLP purchased a new position in shares of SB Financial Group during the first quarter valued at approximately $289,000. Finally, HRT Financial LP purchased a new position in shares of SB Financial Group during the first quarter valued at approximately $292,000. 66.67% of the stock is owned by institutional investors.

SB Financial Group Company Profile

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.