SB Financial Group (NASDAQ:SBFG) Now Covered by Analysts at StockNews.com

Posted by Linda Flegge on May 1st, 2024

StockNews.com assumed coverage on shares of SB Financial Group (NASDAQ:SBFG – Free Report) in a research note released on Tuesday. The firm issued a hold rating on the financial services provider’s stock.

SB Financial Group Trading Down 1.9 %

Shares of SBFG opened at $13.38 on Tuesday. The stock has a fifty day moving average of $13.79 and a two-hundred day moving average of $14.18. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.93 and a current ratio of 0.94. The company has a market capitalization of $90.85 million, a PE ratio of 7.65 and a beta of 0.68. SB Financial Group has a fifty-two week low of $11.82 and a fifty-two week high of $16.25.

SB Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.19%. This is an increase from SB Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, May 9th. SB Financial Group’s dividend payout ratio is presently 30.86%.

Institutional Trading of SB Financial Group

A hedge fund recently raised its stake in SB Financial Group stock. PL Capital Advisors LLC lifted its position in shares of SB Financial Group, Inc. (NASDAQ:SBFG – Free Report) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,159 shares of the financial services provider’s stock after buying an additional 1,123 shares during the period. PL Capital Advisors LLC owned approximately 0.41% of SB Financial Group worth $380,000 as of its most recent SEC filing. 66.67% of the stock is currently owned by institutional investors and hedge funds.

About SB Financial Group

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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.