SB Financial Group, Inc. (NASDAQ:SBFG) Short Interest Up 28.1% in November

SB Financial Group, Inc. (NASDAQ:SBFG) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 7,300 shares, an increase of 28.1% from the October 31st total of 5,700 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 12,100 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On SB Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in SB Financial Group by 3.5% in the third quarter. Geode Capital Management LLC now owns 71,076 shares of the financial services provider’s stock worth $1,462,000 after purchasing an additional 2,416 shares in the last quarter. Empowered Funds LLC grew its position in shares of SB Financial Group by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 37,762 shares of the financial services provider’s stock worth $776,000 after buying an additional 1,876 shares during the period. Princeton Capital Management LLC bought a new stake in shares of SB Financial Group in the 2nd quarter valued at $146,000. Finally, Barclays PLC lifted its position in shares of SB Financial Group by 325.1% during the 3rd quarter. Barclays PLC now owns 1,271 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 972 shares during the period. Institutional investors own 66.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of SB Financial Group in a research note on Saturday, September 21st. They issued a “hold” rating on the stock.

SB Financial Group Trading Down 0.2 %

Shares of SB Financial Group stock traded down $0.04 during midday trading on Friday, reaching $21.71. The company had a trading volume of 9,752 shares, compared to its average volume of 6,748. The stock has a fifty day moving average price of $19.96 and a 200 day moving average price of $16.84. SB Financial Group has a fifty-two week low of $13.01 and a fifty-two week high of $22.00. The firm has a market cap of $144.41 million, a PE ratio of 12.48 and a beta of 0.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.92 and a quick ratio of 0.91.

SB Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.145 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.67%. This is an increase from SB Financial Group’s previous quarterly dividend of $0.14. SB Financial Group’s payout ratio is 33.33%.

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.