SB Financial Group (NASDAQ:SBFG) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of SB Financial Group, Inc. (NASDAQ:SBFG) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $29.64 and traded as high as $29.91. SB Financial Group shares last traded at $29.76, with a volume of 16,853 shares.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Brean Capital lowered shares of SB Financial Group from a “buy” rating to a “neutral” rating and set a $32.00 price target on the stock. in a research note on Thursday, October 29th. Wall Street Zen lowered shares of SB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded shares of SB Financial Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, November 3rd. Finally, Capital One Financial set a $32.00 price objective on shares of SB Financial Group in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

SB Financial Group Trading Up 1.9%

The company has a fifty day moving average of $29.64 and a two-hundred day moving average of $24.86. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $186 million, a price-to-earnings ratio of 11.15 and a beta of 0.18.

SB Financial Group (NASDAQ:SBFG) last announced its earnings results on Friday, October 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. SB Financial Group had a return on equity of 11.46% and a net margin of 17.17%. The firm had revenue of $18.03 million during the quarter, compared to analysts’ expectations of $12.80 million. On average, research analysts expect that SB Financial Group, Inc. will post 2.60 EPS for the current year.

SB Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be paid a $0.1650 dividend. The ex-dividend date is Friday, November 13th. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.2%. SB Financial Group’s dividend payout ratio is presently 23.97%.

Institutional Trading of SB Financial Group

Large investors have recently modified their holdings of the company. Globeflex Capital L P acquired a new position in SB Financial Group in the 1st quarter valued at $149,000. Squarepoint Ops LLC acquired a new position in SB Financial Group during the 2nd quarter worth $223,000. Bank of America Corp DE bought a new stake in SB Financial Group during the second quarter valued at about $348,000. Ritholtz Wealth Management bought a new stake in SB Financial Group during the third quarter valued at about $528,000. Finally, Hsbc Holdings PLC boosted its holdings in SB Financial Group by 22.7% during the first quarter. Hsbc Holdings PLC now owns 31,832 shares of the financial services provider’s stock valued at $672,000 after acquiring an additional 5,896 shares during the period. 66.67% of the stock is owned by institutional investors.

SB Financial Group Company Profile

SB Financial Group, Inc. is a bank holding company headquartered in Defiance, Ohio. Its principal subsidiary, State Bank and Trust Company, provides community banking services to individuals, businesses and organizations. The company offers deposit accounts, consumer and commercial loans, mortgage lending and other banking services. Through its affiliated businesses, it also provides wealth management and insurance services. SB Financial Group serves communities in northwest Ohio and northeast Indiana.