SB Financial Group (NASDAQ:SBFG) Stock Passes Below 200-Day Moving Average – Here’s What Happened

SB Financial Group, Inc. (NASDAQ:SBFG)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.53 and traded as low as $21.50. SB Financial Group shares last traded at $21.60, with a volume of 21,326 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded SB Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, SB Financial Group has an average rating of “Moderate Buy”.

SB Financial Group Trading Down 1.7%

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $135.65 million, a P/E ratio of 8.44 and a beta of 0.20. The business has a 50 day moving average price of $21.58 and a 200-day moving average price of $21.53.

SB Financial Group (NASDAQ:SBFG) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $17.42 million for the quarter, compared to analyst estimates of $12.60 million. SB Financial Group had a return on equity of 11.52% and a net margin of 17.22%. Analysts forecast that SB Financial Group, Inc. will post 2.53 earnings per share for the current fiscal year.

SB Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. This is a boost from SB Financial Group’s previous quarterly dividend of $0.16. SB Financial Group’s payout ratio is presently 25.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in shares of SB Financial Group by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 187,165 shares of the financial services provider’s stock worth $3,611,000 after acquiring an additional 557 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of SB Financial Group by 0.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 78,548 shares of the financial services provider’s stock worth $1,500,000 after acquiring an additional 589 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of SB Financial Group by 131.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 1,016 shares during the last quarter. Bank of America Corp DE grew its holdings in SB Financial Group by 10.8% in the 1st quarter. Bank of America Corp DE now owns 19,633 shares of the financial services provider’s stock valued at $412,000 after buying an additional 1,908 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in SB Financial Group by 87.3% in the 4th quarter. Deutsche Bank AG now owns 4,141 shares of the financial services provider’s stock valued at $92,000 after buying an additional 1,930 shares in the last quarter. 66.67% of the stock is owned by institutional investors and hedge funds.

SB Financial Group Company Profile

SB Financial Group, Inc (NASDAQ: SBFG) is the bank holding company for Star Financial Bank, a full-service community bank headquartered in Fort Wayne, Indiana. Through its wholly owned subsidiary, the company offers a broad portfolio of commercial and consumer banking products, including deposit accounts, lending solutions, mortgage origination and servicing, and cash management services.

In its commercial banking division, SB Financial Group provides working capital loans, equipment financing, commercial real estate lending and treasury management solutions designed for small- and mid-sized businesses.