SB Financial Group (NASDAQ:SBFG) Releases Earnings Results, Beats Expectations By $0.04 EPS

SB Financial Group (NASDAQ:SBFG) released its quarterly earnings results on Thursday. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.04, Zacks reports. The firm had revenue of $18.00 million during the quarter, compared to the consensus estimate of $13.10 million. SB Financial Group had a net margin of 17.22% and a return on equity of 11.52%.

SB Financial Group Price Performance

SBFG traded down $0.97 during trading on Friday, reaching $25.70. The company’s stock had a trading volume of 3,192 shares, compared to its average volume of 21,957. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $23.80 and a two-hundred day simple moving average of $22.25. SB Financial Group has a 1 year low of $18.16 and a 1 year high of $27.68. The company has a market cap of $161.40 million, a price-to-earnings ratio of 10.04 and a beta of 0.19.

SB Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.16 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.5%. SB Financial Group’s dividend payout ratio is presently 25.00%.

Analyst Ratings Changes

SBFG has been the subject of a number of research analyst reports. Wall Street Zen raised SB Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of SB Financial Group in a research report on Friday, June 26th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On SB Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake in SB Financial Group by 131.1% during the third quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider’s stock worth $35,000 after buying an additional 1,016 shares during the last quarter. Bank of America Corp DE increased its stake in shares of SB Financial Group by 4,732.7% in the 2nd quarter. Bank of America Corp DE now owns 2,658 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 2,603 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SB Financial Group by 23,475.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,829 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 2,817 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of SB Financial Group during the 2nd quarter valued at about $62,000. Finally, Deutsche Bank AG boosted its position in shares of SB Financial Group by 87.3% during the 4th quarter. Deutsche Bank AG now owns 4,141 shares of the financial services provider’s stock valued at $92,000 after acquiring an additional 1,930 shares during the last quarter. Institutional investors and hedge funds own 66.67% of the company’s stock.

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.