SB Financial Group, Inc. (NASDAQ:SBFG) Declares Quarterly Dividend of $0.16

SB Financial Group, Inc. (NASDAQ:SBFG) announced a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Friday, May 15th will be paid a dividend of 0.16 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, May 15th. This is a 3.2% increase from SB Financial Group’s previous quarterly dividend of $0.16.

SB Financial Group has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 12 years. SB Financial Group has a payout ratio of 28.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SB Financial Group to earn $2.58 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 24.0%.

SB Financial Group Stock Up 2.9%

NASDAQ SBFG traded up $0.62 during mid-day trading on Friday, reaching $21.93. 1,377 shares of the company’s stock traded hands, compared to its average volume of 10,817. SB Financial Group has a 1-year low of $17.10 and a 1-year high of $23.93. The company has a fifty day simple moving average of $20.98 and a 200-day simple moving average of $21.09. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.39. The company has a market cap of $138.16 million, a price-to-earnings ratio of 9.97 and a beta of 0.21.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. SB Financial Group had a return on equity of 10.88% and a net margin of 15.35%.The firm had revenue of $17.42 million during the quarter, compared to analyst estimates of $12.60 million. As a group, equities research analysts expect that SB Financial Group will post 2.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of SB Financial Group in a research report on Monday, December 29th. Zacks Research lowered SB Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Finally, Wall Street Zen downgraded shares of SB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

SB Financial Group Company Profile

SB Financial Group, Inc (NASDAQ: SBFG) is the bank holding company for Star Financial Bank, a full-service community bank headquartered in Fort Wayne, Indiana. Through its wholly owned subsidiary, the company offers a broad portfolio of commercial and consumer banking products, including deposit accounts, lending solutions, mortgage origination and servicing, and cash management services.

In its commercial banking division, SB Financial Group provides working capital loans, equipment financing, commercial real estate lending and treasury management solutions designed for small- and mid-sized businesses.