SB Financial Group (NASDAQ:SBFG) Shares Cross Above Fifty Day Moving Average – What’s Next?

Shares of SB Financial Group, Inc. (NASDAQ:SBFG) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.74 and traded as high as $22.44. SB Financial Group shares last traded at $22.24, with a volume of 17,417 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded SB Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

SB Financial Group Stock Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company’s 50 day moving average price is $21.81 and its 200-day moving average price is $21.62. The company has a market cap of $142.37 million, a PE ratio of 8.86 and a beta of 0.21.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. SB Financial Group had a net margin of 17.22% and a return on equity of 11.52%. The company had revenue of $17.42 million for the quarter, compared to analysts’ expectations of $12.60 million. Equities research analysts anticipate that SB Financial Group, Inc. will post 2.53 earnings per share for the current fiscal year.

SB Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.8%. This is a boost from SB Financial Group’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, May 15th. SB Financial Group’s payout ratio is 25.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Deutsche Bank AG raised 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 valued at $92,000 after purchasing 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. grew its stake in shares of SB Financial Group by 82.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,157 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 2,328 shares during the period. Bank of America Corp DE increased its stake in SB Financial Group by 4,732.7% in the 2nd quarter. Bank of America Corp DE now owns 2,658 shares of the financial services provider’s stock worth $51,000 after buying an additional 2,603 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in SB Financial Group in the 2nd quarter worth approximately $62,000. Institutional investors own 66.67% of the company’s stock.

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.