SB Financial Group (NASDAQ:SBFG) Announces Earnings Results

SB Financial Group (NASDAQ:SBFG) issued its earnings results on Friday. The financial services provider reported $0.73 earnings per share for the quarter, FiscalAI reports. SB Financial Group had a return on equity of 11.95% and a net margin of 17.67%.The business had revenue of $18.00 million during the quarter.

SB Financial Group Stock Down 1.2%

SB Financial Group stock opened at $26.28 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $165.04 million, a price-to-earnings ratio of 9.81 and a beta of 0.19. SB Financial Group has a 1-year low of $18.16 and a 1-year high of $27.68. The business has a fifty day moving average price of $24.37 and a 200-day moving average price of $22.45.

SB Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.4%. SB Financial Group’s dividend payout ratio is presently 23.88%.

Institutional Investors Weigh In On SB Financial Group

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of SB Financial Group by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 187,165 shares of the financial services provider’s stock valued at $3,611,000 after acquiring an additional 557 shares in the last quarter. Bridgeway Capital Management LLC grew its position in SB Financial Group by 0.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 78,548 shares of the financial services provider’s stock worth $1,500,000 after purchasing an additional 589 shares during the last quarter. BNP Paribas Financial Markets increased its stake in SB Financial Group by 131.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 1,016 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of SB Financial Group by 10.8% in the first quarter. Bank of America Corp DE now owns 19,633 shares of the financial services provider’s stock worth $412,000 after buying an additional 1,908 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of SB Financial Group by 87.3% during the fourth quarter. Deutsche Bank AG now owns 4,141 shares of the financial services provider’s stock valued at $92,000 after buying an additional 1,930 shares during the last quarter. Institutional investors and hedge funds own 66.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen upgraded SB Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “buy (b)” rating on shares of SB Financial Group in a research report on Friday, June 26th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock 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.