SB Financial Group (NASDAQ:SBFG) Stock Dropped to “Neutral” by Brean Capital

SB Financial Group (NASDAQ:SBFG) was downgraded by analysts at Brean Capital from a “buy” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat Ratings reports. They currently have a $32.00 target price on the financial services provider’s stock. Brean Capital‘s price target suggests a potential upside of 3.80% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings raised shares of SB Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Wall Street Zen cut shares of SB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.00.

SB Financial Group Stock Up 0.8%

Shares of SBFG opened at $30.83 on Thursday. The company has a market cap of $192.78 million, a PE ratio of 11.55 and a beta of 0.19. The business has a fifty day moving average of $29.12 and a 200 day moving average of $24.39. SB Financial Group has a 52-week low of $18.16 and a 52-week high of $32.93. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.29.

SB Financial Group (NASDAQ:SBFG) last posted its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. SB Financial Group had a net margin of 17.17% and a return on equity of 11.47%. The company had revenue of $18.03 million during the quarter, compared to analyst estimates of $12.80 million. On average, sell-side analysts expect that SB Financial Group will post 2.56 EPS for the current year.

Institutional Trading of SB Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company purchased a new stake in shares of SB Financial Group during the second quarter valued at $11,824,000. Dimensional Fund Advisors LP grew its holdings in shares of SB Financial Group by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 197,772 shares of the financial services provider’s stock worth $4,153,000 after purchasing an additional 5,677 shares during the last quarter. BlackRock Inc. bought a new position in shares of SB Financial Group in the second quarter worth about $4,013,000. Pinnacle Holdings LLC purchased a new position in SB Financial Group in the 2nd quarter worth about $3,957,000. Finally, Empowered Funds LLC purchased a new position in SB Financial Group in the 2nd quarter worth about $1,163,000. 66.67% of the stock is currently owned by institutional investors.

SB Financial Group Company Profile

SB Financial Group, Inc is a financial holding company headquartered in Defiance, Ohio. Through its principal subsidiary, The State Bank and Trust Company, the company provides community banking services to individuals, families, businesses and organizations.

The State Bank and Trust Company offers deposit accounts, commercial and consumer lending, residential and commercial real estate financing, treasury management and other traditional banking products. The company also provides trust, investment management and wealth management services, along with mortgage banking and related financial services.

SB Financial Group serves communities in northwestern Ohio and northeastern Indiana through its banking offices and digital channels.