SB Financial Group, Inc. (NASDAQ:SBFG) Sees Significant Decline in Short Interest

SB Financial Group, Inc. (NASDAQ:SBFG) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 3,800 shares, a decline of 34.5% from the November 30th total of 5,800 shares. Based on an average daily volume of 19,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on SB Financial Group in a research report on Saturday, September 21st. They set a “hold” rating on the stock.

Institutional Investors Weigh In On SB Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in SBFG. Barclays PLC raised its stake in SB Financial Group by 325.1% in the 3rd quarter. Barclays PLC now owns 1,271 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 972 shares during the last quarter. Empowered Funds LLC grew its stake in SB Financial Group by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 37,762 shares of the financial services provider’s stock valued at $776,000 after purchasing an additional 1,876 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of SB Financial Group by 3.5% in the third quarter. Geode Capital Management LLC now owns 71,076 shares of the financial services provider’s stock valued at $1,462,000 after purchasing an additional 2,416 shares during the period. Finally, Princeton Capital Management LLC purchased a new position in shares of SB Financial Group in the second quarter worth about $146,000. 66.67% of the stock is currently owned by institutional investors and hedge funds.

SB Financial Group Stock Down 2.7 %

Shares of SBFG traded down $0.57 during mid-day trading on Monday, hitting $20.91. 13,397 shares of the company traded hands, compared to its average volume of 9,356. The company has a market capitalization of $139.09 million, a PE ratio of 12.02 and a beta of 0.77. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average of $20.62 and a 200 day moving average of $17.97. SB Financial Group has a 1-year low of $13.01 and a 1-year high of $23.00.

SB Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.145 per share. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, November 8th. This represents a $0.58 dividend on an annualized basis and a yield of 2.77%. SB Financial Group’s dividend payout ratio is presently 33.33%.

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.