SB Financial Group (NASDAQ:SBFG) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

SB Financial Group (NASDAQ:SBFG) released its quarterly earnings data on Thursday. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03, Zacks reports. SB Financial Group had a net margin of 15.35% and a return on equity of 10.88%.

SB Financial Group Stock Down 1.3%

NASDAQ SBFG traded down $0.28 during trading hours on Thursday, hitting $21.31. The company’s stock had a trading volume of 4,699 shares, compared to its average volume of 10,942. SB Financial Group has a 52 week low of $17.10 and a 52 week high of $23.93. The company has a market capitalization of $134.25 million, a PE ratio of 9.69 and a beta of 0.21. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.39. The company’s 50-day simple moving average is $20.98 and its two-hundred day simple moving average is $21.09.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SBFG. Weiss Ratings reiterated a “buy (b-)” rating on shares of SB Financial Group in a report on Monday, December 29th. Wall Street Zen downgraded SB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Zacks Research cut SB Financial Group from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. One 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, SB Financial Group has an average rating of “Moderate Buy”.

Institutional Trading of SB Financial Group

Several institutional investors and hedge funds have recently modified their holdings of SBFG. Goldman Sachs Group Inc. bought a new stake in shares of SB Financial Group in the 1st quarter worth $350,000. Empowered Funds LLC boosted its stake in shares of SB Financial Group by 7.1% in the 1st quarter. Empowered Funds LLC now owns 42,469 shares of the financial services provider’s stock worth $884,000 after buying an additional 2,832 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of SB Financial Group by 123.0% in the first quarter. Jane Street Group LLC now owns 22,159 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 12,224 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of SB Financial Group by 56.0% during the first quarter. Acadian Asset Management LLC now owns 5,761 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 2,068 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in SB Financial Group by 98.3% during the second quarter. Geode Capital Management LLC now owns 148,786 shares of the financial services provider’s stock worth $2,842,000 after acquiring an additional 73,771 shares during the period. 66.67% of the stock is owned by hedge funds and other institutional investors.

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.