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

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

SB Financial Group Stock Up 4.6 %

Shares of SBFG opened at $16.98 on Friday. The company has a 50-day moving average price of $14.54 and a two-hundred day moving average price of $14.25. SB Financial Group has a 12 month low of $12.42 and a 12 month high of $17.51. The stock has a market cap of $114.82 million, a price-to-earnings ratio of 9.71 and a beta of 0.73. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.44.

SB Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, August 9th. SB Financial Group’s dividend payout ratio (DPR) is currently 32.00%.

Institutional Investors Weigh In On SB Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gendell Jeffrey L increased its stake in shares of SB Financial Group by 23.5% in the fourth quarter. Gendell Jeffrey L now owns 45,488 shares of the financial services provider’s stock valued at $698,000 after buying an additional 8,654 shares in the last quarter. Empowered Funds LLC raised its stake in shares of SB Financial Group by 7.9% in the first quarter. Empowered Funds LLC now owns 33,366 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 2,450 shares during the last quarter. Finally, Princeton Capital Management LLC acquired a new position in shares of SB Financial Group during the second quarter worth approximately $146,000. 66.67% of the stock is owned by institutional investors and hedge funds.

SB Financial Group Company Profile

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.