SB Financial Group (SBFG) Upgraded at ValuEngine

ValuEngine upgraded shares of SB Financial Group (NASDAQ:SBFG) from a sell rating to a hold rating in a research note released on Wednesday morning.

Separately, Zacks Investment Research raised SB Financial Group from a sell rating to a hold rating in a report on Friday, November 16th.

SB Financial Group stock opened at $18.01 on Wednesday. SB Financial Group has a 12 month low of $17.00 and a 12 month high of $20.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.02 and a quick ratio of 1.01. The company has a market cap of $116.80 million, a PE ratio of 12.25 and a beta of 0.69.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings data on Friday, October 19th. The financial services provider reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.01). SB Financial Group had a return on equity of 10.66% and a net margin of 23.37%. The business had revenue of $12.73 million for the quarter, compared to analyst estimates of $12.90 million. As a group, sell-side analysts anticipate that SB Financial Group will post 1.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Friday, November 9th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Thursday, November 8th. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.08. SB Financial Group’s dividend payout ratio is currently 23.13%.

A number of hedge funds have recently made changes to their positions in the stock. JCSD Capital LLC grew its holdings in SB Financial Group by 1.6% during the third quarter. JCSD Capital LLC now owns 232,570 shares of the financial services provider’s stock worth $4,733,000 after acquiring an additional 3,718 shares during the period. Maltese Capital Management LLC grew its holdings in SB Financial Group by 7.7% during the second quarter. Maltese Capital Management LLC now owns 195,152 shares of the financial services provider’s stock worth $3,965,000 after acquiring an additional 13,949 shares during the period. Cutler Capital Management LLC grew its holdings in SB Financial Group by 165.7% during the third quarter. Cutler Capital Management LLC now owns 112,867 shares of the financial services provider’s stock worth $2,297,000 after acquiring an additional 70,386 shares during the period. Dimensional Fund Advisors LP grew its holdings in SB Financial Group by 12.3% during the second quarter. Dimensional Fund Advisors LP now owns 108,877 shares of the financial services provider’s stock worth $2,212,000 after acquiring an additional 11,930 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in SB Financial Group by 15.6% during the second quarter. Renaissance Technologies LLC now owns 47,500 shares of the financial services provider’s stock worth $965,000 after acquiring an additional 6,400 shares during the period. 45.29% of the stock is currently owned by hedge funds and other institutional investors.

SB Financial Group Company Profile

SB Financial Group, Inc, through its subsidiaries, provides range of banking and wealth management services to individual and corporate customers primarily in northwest Ohio and northeast Indiana. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit.

Recommended Story: Technical Analysis

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for SB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply