Brokerages Expect SB Financial Group Inc (NASDAQ:SBFG) to Post $0.48 Earnings Per Share

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SB Financial Group Inc (NASDAQ:SBFG) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a 1 year consensus target price of $20.00 for the company and are forecasting that the company will post $0.48 EPS for the current quarter, according to Zacks. Zacks has also assigned SB Financial Group an industry rank of 165 out of 256 based on the ratings given to related companies.

Separately, ValuEngine lowered shares of SB Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 11th.

Hedge funds have recently added to or reduced their stakes in the company. Stieven Capital Advisors L.P. increased its position in shares of SB Financial Group by 75.9% during the second quarter. Stieven Capital Advisors L.P. now owns 270,860 shares of the financial services provider’s stock valued at $4,458,000 after purchasing an additional 116,849 shares during the period. Cutler Capital Management LLC raised its position in SB Financial Group by 30.5% during the second quarter. Cutler Capital Management LLC now owns 185,003 shares of the financial services provider’s stock valued at $3,045,000 after purchasing an additional 43,264 shares in the last quarter. Punch & Associates Investment Management Inc. grew its stake in shares of SB Financial Group by 26.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 98,000 shares of the financial services provider’s stock valued at $1,766,000 after buying an additional 20,486 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of SB Financial Group during the second quarter valued at about $26,000. Finally, EJF Capital LLC grew its stake in shares of SB Financial Group by 18.9% during the second quarter. EJF Capital LLC now owns 629,151 shares of the financial services provider’s stock valued at $10,356,000 after buying an additional 100,000 shares during the last quarter. 45.12% of the stock is owned by institutional investors and hedge funds.

SBFG traded up $0.04 during mid-day trading on Thursday, reaching $16.04. 500 shares of the company traded hands, compared to its average volume of 5,357. The stock has a market capitalization of $105.10 million, a P/E ratio of 10.62 and a beta of 0.74. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average price is $16.29 and its 200-day moving average price is $17.40. SB Financial Group has a 52-week low of $15.76 and a 52-week high of $20.53.

SB Financial Group (NASDAQ:SBFG) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.04). SB Financial Group had a net margin of 19.05% and a return on equity of 10.31%. The firm had revenue of $12.52 million for the quarter, compared to analyst estimates of $13.90 million. As a group, sell-side analysts forecast that SB Financial Group will post 1.63 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, August 8th. SB Financial Group’s payout ratio is currently 23.84%.

About SB Financial Group

SB Financial Group, Inc, through its subsidiaries, provides range of banking and wealth management services to individual and corporate customers primarily in northwest Ohio and northeast Indiana. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit.

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