SB Financial Group (NASDAQ:SBFG) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

SB Financial Group, Inc. (NASDAQ:SBFGGet Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $20.77 and traded as low as $20.48. SB Financial Group shares last traded at $21.25, with a volume of 34,147 shares.

Analyst Ratings Changes

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

Read Our Latest Stock Report on SB Financial Group

SB Financial Group Trading Up 1.6 %

The stock has a market capitalization of $141.36 million, a PE ratio of 12.21 and a beta of 0.77. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The business’s 50-day moving average is $20.77 and its two-hundred day moving average is $18.26.

SB Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.145 dividend. This is an increase from SB Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.58 annualized dividend and a dividend yield of 2.73%. SB Financial Group’s dividend payout ratio is presently 33.33%.

Hedge Funds Weigh In On SB Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its position in SB Financial Group by 325.1% in the third 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 valued at $1,462,000 after purchasing an additional 2,416 shares during the period. Finally, Empowered Funds LLC grew its holdings in 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 valued at $776,000 after purchasing an additional 1,876 shares in the last quarter. 66.67% of the stock is owned by institutional investors and hedge funds.

SB Financial Group Company Profile

(Get Free Report)

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.

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