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

StockNews.com began coverage on shares of SB Financial Group (NASDAQ:SBFG) in a report issued on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

SB Financial Group Price Performance

SBFG opened at $20.40 on Friday. The firm has a market cap of $137.99 million, a price-to-earnings ratio of 11.66 and a beta of 0.73. SB Financial Group has a fifty-two week low of $12.42 and a fifty-two week high of $20.53. The company’s 50-day moving average price is $16.28 and its 200 day moving average price is $14.67. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.44.

SB Financial Group (NASDAQ:SBFG) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.35 by $0.11. SB Financial Group had a net margin of 15.27% and a return on equity of 9.84%. The firm had revenue of $14.05 million during the quarter, compared to analysts’ expectations of $13.50 million. As a group, sell-side analysts expect that SB Financial Group will post 1.59 earnings per share for the current year.

Institutional Investors Weigh In On SB Financial Group

A number of institutional investors have recently modified their holdings of SBFG. Gendell Jeffrey L lifted its stake in shares of SB Financial Group by 7.3% in the 1st quarter. Gendell Jeffrey L now owns 48,823 shares of the financial services provider’s stock valued at $673,000 after purchasing an additional 3,335 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of SB Financial Group by 7.9% in the 1st quarter. Empowered Funds LLC now owns 33,366 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 2,450 shares during the last quarter. Finally, Princeton Capital Management LLC acquired a new stake in shares of SB Financial Group in the 2nd quarter valued at $146,000. Institutional investors and hedge funds 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.