SB Financial Group (NASDAQ:SBFG) Issues Earnings Results, Beats Expectations By $0.01 EPS

SB Financial Group (NASDAQ:SBFG) announced its earnings results on Thursday. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01, Zacks reports. SB Financial Group had a return on equity of 10.68% and a net margin of 15.31%.

SB Financial Group Price Performance

Shares of SBFG traded up $0.84 during mid-day trading on Thursday, reaching $22.58. The company had a trading volume of 5,437 shares, compared to its average volume of 9,191. The company has a market capitalization of $142.25 million, a price-to-earnings ratio of 10.65 and a beta of 0.23. The company’s 50 day simple moving average is $21.95 and its 200 day simple moving average is $20.79. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 0.93. SB Financial Group has a 1-year low of $17.10 and a 1-year high of $24.48.

SB Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a dividend of $0.155 per share. The ex-dividend date is Friday, February 13th. This represents a $0.62 annualized dividend and a yield of 2.7%. SB Financial Group’s dividend payout ratio (DPR) is 29.25%.

Institutional Investors Weigh In On SB Financial Group

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SBFG. Zacks Research downgraded shares of SB Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of SB Financial Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, SB Financial Group currently 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.