SB Financial Group, Inc. (NASDAQ:SBFG) Raises Dividend to $0.17 Per Share

SB Financial Group, Inc. (NASDAQ:SBFG) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 13th will be paid a dividend of $0.1650 per share by the financial services provider on Friday, November 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, November 13th. This is a 3.1% increase from SB Financial Group’s previous quarterly dividend of $0.16.

SB Financial Group has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 12 years. SB Financial Group has a dividend payout ratio of 29.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect SB Financial Group to earn $2.65 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 24.9%.

SB Financial Group Stock Performance

SBFG stock opened at $29.11 on Wednesday. The company has a market capitalization of $181.94 million, a P/E ratio of 10.90 and a beta of 0.18. The company has a 50-day simple moving average of $29.59 and a 200 day simple moving average of $24.75. SB Financial Group has a fifty-two week low of $19.52 and a fifty-two 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 announced its earnings results on Friday, October 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $18.03 million during the quarter, compared to analyst estimates of $12.80 million. SB Financial Group had a net margin of 17.17% and a return on equity of 11.46%. Sell-side analysts predict that SB Financial Group will post 2.60 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SBFG. Capital One Financial set a $32.00 price target on shares of SB Financial Group in a research note on Thursday, October 29th. Weiss Ratings upgraded shares of SB Financial Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, November 3rd. Wall Street Zen lowered shares of SB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Brean Capital cut SB Financial Group from a “buy” rating to a “neutral” rating and set a $32.00 target price on the stock. in a report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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.