SB Financial Group (NASDAQ:SBFG) Share Price Passes Below 200-Day Moving Average of $14.28

SB Financial Group, Inc. (NASDAQ:SBFG) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.28 and traded as low as $13.84. SB Financial Group shares last traded at $14.13, with a volume of 1,815 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of SB Financial Group in a research note on Wednesday. They issued a “hold” rating for the company.

SB Financial Group Price Performance

The stock has a market cap of $95.52 million, a PE ratio of 8.07 and a beta of 0.73. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.89. The firm’s 50 day moving average price is $13.85 and its two-hundred day moving average price is $14.28.

SB Financial Group (NASDAQ:SBFG) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $13.13 million during the quarter, compared to the consensus estimate of $13.50 million. SB Financial Group had a net margin of 15.47% and a return on equity of 10.00%. On average, research analysts expect that SB Financial Group, Inc. will post 1.41 earnings per share for the current year.

SB Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $0.14 dividend. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Thursday, May 9th. SB Financial Group’s dividend payout ratio (DPR) is 32.00%.

Hedge Funds Weigh In On SB Financial Group

A hedge fund recently raised its stake in SB Financial Group stock. Empowered Funds LLC raised its stake in shares of SB Financial Group, Inc. (NASDAQ:SBFG) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,366 shares of the financial services provider’s stock after purchasing an additional 2,450 shares during the quarter. Empowered Funds LLC owned 0.49% of SB Financial Group worth $460,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 66.67% of the stock is currently owned by hedge funds and other institutional investors.

About SB Financial Group

SB Financial Group, Inc operates as the financial holding company for the State Bank and Trust Company that provides a range of commercial banking and wealth management services to individual and corporate customers primarily in Ohio, Indiana, and Michigan. It offers checking, savings, money market accounts, as well as time certificates of deposit; and commercial, consumer, agricultural, and residential mortgage loans.