SB Financial Group (NASDAQ:SBFG) Downgraded to “Hold” at Zacks Investment Research

SB Financial Group (NASDAQ:SBFG) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “SB Financial Group, Inc. is a financial services holding company with two wholly-owned operating subsidiaries: State Bank and RDSI Banking Systems. State Bank offers a full range of financial services for consumers and small businesses, including wealth management, mortgage banking, commercial and agricultural lending. RDSI provides item processing services to community banks located in the Midwest. SB Financial Group, Inc., formerly known as Rurban Financial Corp., is based in Defiance, Ohio. “

Separately, ValuEngine lowered shares of SB Financial Group from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd.

Shares of SBFG stock opened at $16.73 on Tuesday. SB Financial Group has a 52-week low of $9.02 and a 52-week high of $20.49. The company has a 50-day simple moving average of $15.94 and a two-hundred day simple moving average of $16.67. The company has a market capitalization of $125.10 million, a price-to-earnings ratio of 12.67 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.99.

SB Financial Group (NASDAQ:SBFG) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.15). The firm had revenue of $10.71 million during the quarter, compared to analysts’ expectations of $12.89 million. SB Financial Group had a return on equity of 9.73% and a net margin of 16.90%. On average, sell-side analysts forecast that SB Financial Group will post 1.58 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in SB Financial Group by 9.9% during the fourth quarter. Renaissance Technologies LLC now owns 13,300 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 1,200 shares in the last quarter. UBS Group AG raised its stake in SB Financial Group by 310.2% during the fourth quarter. UBS Group AG now owns 1,817 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,374 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in SB Financial Group by 1.2% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 174,218 shares of the financial services provider’s stock valued at $3,430,000 after purchasing an additional 2,006 shares in the last quarter. Acadian Asset Management LLC raised its stake in SB Financial Group by 7.8% during the first quarter. Acadian Asset Management LLC now owns 33,990 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 2,454 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in SB Financial Group by 118.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,472 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 2,972 shares in the last quarter. Hedge funds and other institutional investors own 46.67% of the company’s stock.

SB Financial Group Company Profile

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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