SB Financial Group, Inc. (NASDAQ:SBFG) Declares Quarterly Dividend of $0.15

SB Financial Group, Inc. (NASDAQ:SBFG) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.145 per share by the financial services provider on Friday, November 22nd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Friday, November 8th. This is a boost from SB Financial Group’s previous quarterly dividend of $0.14.

SB Financial Group has increased its dividend payment by an average of 10.9% annually over the last three years and has raised its dividend every year for the last 11 years. SB Financial Group has a dividend payout ratio of 36.9% meaning its dividend is sufficiently covered by earnings. Analysts expect SB Financial Group to earn $1.78 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 32.6%.

SB Financial Group Stock Performance

SB Financial Group stock traded up $1.27 during midday trading on Wednesday, hitting $19.37. The company’s stock had a trading volume of 858 shares, compared to its average volume of 6,084. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.90. The company has a market cap of $130.36 million, a price-to-earnings ratio of 10.40 and a beta of 0.75. SB Financial Group has a 1-year low of $12.85 and a 1-year high of $21.21. The company has a 50-day moving average price of $18.96 and a two-hundred day moving average price of $16.04.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of SB Financial Group in a research report on Saturday, September 21st. They issued a “hold” rating for the company.

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.