StockNews.com Begins Coverage on SB Financial Group (NASDAQ:SBFG)

StockNews.com assumed coverage on shares of SB Financial Group (NASDAQ:SBFG) in a research note published on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

SB Financial Group Stock Down 2.3 %

SB Financial Group stock opened at $15.10 on Friday. The stock has a 50-day simple moving average of $14.02 and a 200-day simple moving average of $14.19. The company has a market capitalization of $102.08 million, a P/E ratio of 8.63 and a beta of 0.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.89 and a current ratio of 0.90. SB Financial Group has a fifty-two week low of $12.30 and a fifty-two week high of $16.25.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $13.13 million during the quarter, compared to analysts’ expectations of $13.50 million. SB Financial Group had a return on equity of 9.95% and a net margin of 15.27%. Equities research analysts expect that SB Financial Group will post 1.41 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SB Financial Group stock. Empowered Funds LLC lifted its holdings in shares of SB Financial Group, Inc. (NASDAQ:SBFG) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,366 shares of the financial services provider’s stock after buying an additional 2,450 shares during the period. Empowered Funds LLC owned approximately 0.49% of SB Financial Group worth $460,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 66.67% of the company’s stock.

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.