SB Financial Group (NASDAQ:SBFG) Stock Passes Above 50 Day Moving Average – Should You Sell?

SB Financial Group, Inc. (NASDAQ:SBFG)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $18.84 and traded as high as $19.79. SB Financial Group shares last traded at $19.50, with a volume of 29,975 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen raised SB Financial Group from a “hold” rating to a “buy” rating in a research report on Monday, May 5th.

SB Financial Group Stock Performance

The stock has a market cap of $127.34 million, a P/E ratio of 11.47 and a beta of 0.25. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The company’s 50-day simple moving average is $18.84 and its 200 day simple moving average is $19.99.

SB Financial Group (NASDAQ:SBFG) last announced its earnings results on Thursday, May 1st. The financial services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. SB Financial Group had a net margin of 13.47% and a return on equity of 9.23%. The business had revenue of $15.39 million during the quarter, compared to the consensus estimate of $11.30 million. As a group, sell-side analysts expect that SB Financial Group, Inc. will post 2 EPS for the current fiscal year.

Insiders Place Their Bets

In other SB Financial Group news, Director Timothy L. Claxton bought 2,000 shares of SB Financial Group stock in a transaction dated Monday, June 23rd. The stock was acquired at an average cost of $17.64 per share, for a total transaction of $35,280.00. Following the completion of the transaction, the director directly owned 10,127 shares of the company’s stock, valued at approximately $178,640.28. This represents a 24.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.71% of the company’s stock.

Institutional Investors Weigh In On SB Financial Group

Institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC increased its stake in 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 worth $119,000 after purchasing an additional 2,068 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of SB Financial Group in the fourth quarter worth about $208,000. Goldman Sachs Group Inc. bought a new position in SB Financial Group in the first quarter valued at approximately $350,000. Northern Trust Corp lifted its holdings in SB Financial Group by 41.5% during the 4th quarter. Northern Trust Corp now owns 25,108 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 7,370 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in SB Financial Group by 189.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 34,114 shares of the financial services provider’s stock worth $713,000 after acquiring an additional 22,321 shares during the last quarter. 66.67% of the stock is currently owned by hedge funds and other institutional investors.

SB Financial Group Company 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.