SB Financial Group (NASDAQ:SBFG) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of SB Financial Group (NASDAQ:SBFG) from a buy rating to a hold rating in a research note published on Saturday.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of SB Financial Group in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

SB Financial Group Stock Performance

Shares of NASDAQ:SBFG opened at $27.10 on Friday. The firm has a 50 day moving average of $25.50 and a 200 day moving average of $22.85. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $169.38 million, a price-to-earnings ratio of 10.11 and a beta of 0.19. SB Financial Group has a 52 week low of $18.16 and a 52 week high of $28.38.

SB Financial Group (NASDAQ:SBFG) last announced its earnings results on Friday, July 31st. The financial services provider reported $0.73 earnings per share (EPS) for the quarter. SB Financial Group had a return on equity of 11.82% and a net margin of 17.67%.The business had revenue of $18.00 million for the quarter. On average, sell-side analysts predict that SB Financial Group will post 2.56 earnings per share for the current fiscal year.

SB Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors 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 yield of 2.4%. SB Financial Group’s dividend payout ratio is presently 23.88%.

Institutional Investors Weigh In On SB Financial Group

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake 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 worth $3,611,000 after acquiring an additional 557 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in SB Financial Group by 0.8% in the second quarter. Bridgeway Capital Management LLC now owns 78,548 shares of the financial services provider’s stock valued at $1,500,000 after acquiring an additional 589 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of SB Financial Group by 131.1% in 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 during the period. Bank of America Corp DE boosted its stake in shares of SB Financial Group by 10.8% during the 1st quarter. Bank of America Corp DE now owns 19,633 shares of the financial services provider’s stock worth $412,000 after acquiring an additional 1,908 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in 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 worth $92,000 after purchasing an additional 1,930 shares in the last quarter. 66.67% of the stock is currently owned by institutional investors and hedge funds.

About SB Financial Group

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.