Ritholtz Wealth Management decreased its holdings in SB Financial Group, Inc. (NASDAQ:SBFG – Free Report) by 21.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,312 shares of the financial services provider’s stock after selling 4,204 shares during the quarter. Ritholtz Wealth Management’s holdings in SB Financial Group were worth $319,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC raised its position in SB Financial Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 71,749 shares of the financial services provider’s stock valued at $1,501,000 after purchasing an additional 673 shares during the last quarter. Bridgeway Capital Management LLC raised its position in SB Financial Group by 2.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 75,127 shares of the financial services provider’s stock valued at $1,571,000 after purchasing an additional 1,875 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in SB Financial Group in the 4th quarter valued at $62,000. Dimensional Fund Advisors LP raised its position in SB Financial Group by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 164,832 shares of the financial services provider’s stock valued at $3,447,000 after purchasing an additional 5,137 shares during the last quarter. Finally, Northern Trust Corp raised its position in SB Financial Group by 41.5% in the 4th quarter. Northern Trust Corp now owns 25,108 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 7,370 shares during the last quarter. Hedge funds and other institutional investors own 66.67% of the company’s stock.
SB Financial Group Stock Performance
Shares of SBFG opened at $17.62 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a market capitalization of $115.06 million, a P/E ratio of 10.36 and a beta of 0.27. The company’s fifty day moving average is $18.95 and its two-hundred day moving average is $20.35. SB Financial Group, Inc. has a 1 year low of $13.20 and a 1 year high of $24.48.
SB Financial Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.15 dividend. This is a boost from SB Financial Group’s previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a yield of 3.41%. The ex-dividend date was Friday, May 16th. SB Financial Group’s payout ratio is currently 35.29%.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of SB Financial Group from a “hold” rating to a “buy” rating in a research report on Monday, May 5th.
Check Out Our Latest Stock Report on SB Financial Group
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.
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