Princeton Capital Management LLC Takes $218,000 Position in SB Financial Group, Inc. $SBFG

Princeton Capital Management LLC bought a new position in shares of SB Financial Group, Inc. (NASDAQ:SBFG) during the second quarter, HoldingsChannel.com reports. The firm bought 11,408 shares of the financial services provider’s stock, valued at approximately $218,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. purchased a new stake in shares of SB Financial Group in the first quarter valued at about $350,000. Empowered Funds LLC boosted its position in shares of SB Financial Group by 7.1% in the first quarter. Empowered Funds LLC now owns 42,469 shares of the financial services provider’s stock worth $884,000 after buying an additional 2,832 shares during the period. Jane Street Group LLC boosted its holdings in SB Financial Group by 123.0% in the first quarter. Jane Street Group LLC now owns 22,159 shares of the financial services provider’s stock valued at $461,000 after purchasing an additional 12,224 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of SB Financial Group by 56.0% in the 1st quarter. Acadian Asset Management LLC now owns 5,761 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 2,068 shares in the last quarter. Hedge funds and other institutional investors own 66.67% of the company’s stock.

SB Financial Group Price Performance

Shares of SBFG stock opened at $20.80 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. SB Financial Group, Inc. has a 1 year low of $17.10 and a 1 year high of $24.48. The firm has a market capitalization of $131.68 million, a price-to-earnings ratio of 11.37 and a beta of 0.32. The firm’s 50 day moving average is $20.05 and its 200-day moving average is $19.62.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. The business had revenue of $16.88 million for the quarter, compared to analyst estimates of $12.30 million. SB Financial Group had a net margin of 13.78% and a return on equity of 9.57%. Sell-side analysts forecast that SB Financial Group, Inc. will post 2 EPS for the current fiscal year.

SB Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a $0.155 dividend. This is an increase from SB Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, November 14th. This represents a $0.62 annualized dividend and a yield of 3.0%. SB Financial Group’s dividend payout ratio (DPR) is 29.25%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SBFG. Weiss Ratings reiterated a “buy (b-)” rating on shares of SB Financial Group in a research report on Wednesday, October 8th. Zacks Research upgraded shares of SB Financial Group from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Wall Street Zen upgraded shares of SB Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

SB Financial Group Profile

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.