SB Financial Group (NASDAQ:SBFG) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of SB Financial Group (NASDAQ:SBFGGet Rating) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the financial services provider’s stock.

SB Financial Group Price Performance

SB Financial Group stock opened at $16.50 on Tuesday. The stock has a market cap of $115.52 million, a price-to-earnings ratio of 9.38 and a beta of 0.89. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $16.86 and its two-hundred day moving average price is $17.25. SB Financial Group has a 52 week low of $16.28 and a 52 week high of $20.85.

SB Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Thursday, November 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $0.50 annualized dividend and a dividend yield of 3.03%. This is a boost from SB Financial Group’s previous quarterly dividend of $0.12. SB Financial Group’s payout ratio is currently 28.41%.

Hedge Funds Weigh In On SB Financial Group

Several hedge funds have recently made changes to their positions in SBFG. Strategic Value Bank Partners LLC grew its stake in shares of SB Financial Group by 97.8% in the 1st quarter. Strategic Value Bank Partners LLC now owns 306,224 shares of the financial services provider’s stock worth $6,097,000 after purchasing an additional 151,418 shares during the last quarter. BHZ Capital Management LP grew its stake in shares of SB Financial Group by 5.0% in the 1st quarter. BHZ Capital Management LP now owns 48,249 shares of the financial services provider’s stock worth $961,000 after purchasing an additional 2,297 shares during the last quarter. Cutler Capital Management LLC increased its position in shares of SB Financial Group by 5.3% in the first quarter. Cutler Capital Management LLC now owns 397,988 shares of the financial services provider’s stock worth $7,924,000 after acquiring an additional 20,198 shares in the last quarter. Petiole USA ltd increased its position in shares of SB Financial Group by 5.0% in the first quarter. Petiole USA ltd now owns 265,710 shares of the financial services provider’s stock worth $5,290,000 after acquiring an additional 12,652 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of SB Financial Group in the first quarter worth approximately $52,000. Institutional investors and hedge funds own 49.95% of the company’s stock.

SB Financial Group Company Profile

(Get Rating)

SB Financial Group, Inc 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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