SB Financial Group, Inc. (NASDAQ:SBFG) Short Interest Down 37.1% in July

SB Financial Group, Inc. (NASDAQ:SBFG) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 23,329 shares, a decrease of 37.1% from the June 30th total of 37,080 shares. Based on an average daily volume of 31,114 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the company’s shares are sold short.

SB Financial Group Stock Down 1.2%

NASDAQ:SBFG opened at $26.28 on Friday. SB Financial Group has a 12-month low of $18.16 and a 12-month high of $27.68. 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 market capitalization of $164.91 million, a P/E ratio of 9.81 and a beta of 0.19. The stock’s fifty day simple moving average is $24.37 and its 200-day simple moving average is $22.45.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings data on Friday, July 31st. The financial services provider reported $0.73 EPS for the quarter. The business had revenue of $18.00 million during the quarter. SB Financial Group had a return on equity of 11.95% and a net margin of 17.67%. Equities research analysts expect that SB Financial Group will post 2.53 earnings per share for the current year.

SB Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, August 14th. SB Financial Group’s payout ratio is presently 23.88%.

Institutional Trading of SB Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of SBFG. Deutsche Bank AG boosted its stake in 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 worth $92,000 after acquiring an additional 1,930 shares during the last quarter. BNP Paribas Financial Markets grew its holdings 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 valued at $35,000 after purchasing an additional 1,016 shares during the period. JPMorgan Chase & Co. increased its stake in SB Financial Group by 82.3% in the third quarter. JPMorgan Chase & Co. now owns 5,157 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 2,328 shares in the last quarter. Bank of America Corp DE increased its stake in SB Financial Group by 4,732.7% in the second quarter. Bank of America Corp DE now owns 2,658 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 2,603 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in SB Financial Group in the second quarter worth $62,000. 66.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SBFG has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SB Financial Group in a research note on Friday, June 26th. Wall Street Zen raised shares of SB Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. 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.com, the company has an average rating of “Moderate Buy”.

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.