SB Financial Group, Inc. (SBFG) to Issue Quarterly Dividend of $0.14 on August 23rd

SB Financial Group, Inc. (NASDAQ:SBFG) declared a quarterly dividend on Wednesday, July 17th, Zacks reports. Investors of record on Friday, August 9th will be paid a dividend of 0.14 per share by the financial services provider on Friday, August 23rd. This represents a $0.56 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, August 9th.

SB Financial Group has increased its dividend by an average of 10.9% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. SB Financial Group has a payout ratio of 35.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SB Financial Group to earn $1.57 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 35.7%.

SB Financial Group Stock Performance

Shares of SBFG traded down $0.58 during trading hours on Wednesday, hitting $16.40. The company’s stock had a trading volume of 879 shares, compared to its average volume of 3,864. The business has a 50 day simple moving average of $14.54 and a two-hundred day simple moving average of $14.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.89. SB Financial Group has a 52-week low of $12.42 and a 52-week high of $17.51. The company has a market cap of $110.86 million, a price-to-earnings ratio of 9.71 and a beta of 0.73.

Wall Street Analysts Forecast Growth

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

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.