Empowered Funds LLC Takes Position in SB Financial Group, Inc. $SBFG

Empowered Funds LLC acquired a new stake in SB Financial Group, Inc. (NASDAQ:SBFG) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 46,021 shares of the financial services provider’s stock, valued at approximately $1,163,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SBFG. BNP Paribas Financial Markets grew its position in shares of SB Financial Group by 131.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider’s stock valued at $35,000 after buying an additional 1,016 shares during the last quarter. Bank of America Corp DE lifted its position 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 acquiring an additional 2,603 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in SB Financial Group by 23,475.0% in the second quarter. JPMorgan Chase & Co. now owns 2,829 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 2,817 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in SB Financial Group in the second quarter valued at $62,000. Finally, Deutsche Bank AG grew its holdings in shares of SB Financial Group by 87.3% during the fourth quarter. Deutsche Bank AG now owns 4,141 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 1,930 shares during the last quarter. Hedge funds and other institutional investors own 66.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen downgraded SB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of SB Financial Group in a research note on Friday, June 26th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

SB Financial Group Stock Up 2.6%

Shares of NASDAQ:SBFG opened at $29.99 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.29. SB Financial Group, Inc. has a 12-month low of $18.16 and a 12-month high of $30.07. The company has a fifty day simple moving average of $26.78 and a 200 day simple moving average of $23.41. The firm has a market cap of $187.44 million, a PE ratio of 11.19 and a beta of 0.20.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings data on Friday, July 31st. The financial services provider reported $0.73 earnings per share for the quarter. SB Financial Group had a return on equity of 11.82% and a net margin of 17.67%.The firm had revenue of $18.00 million during the quarter. On average, equities research analysts anticipate that SB Financial Group, Inc. will post 2.56 EPS for the current fiscal year.

SB Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.16 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.1%. SB Financial Group’s dividend payout ratio (DPR) is presently 23.88%.

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.