SB Financial Group (NASDAQ:SBFG) Raised to “Buy” at StockNews.com

SB Financial Group (NASDAQ:SBFG) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

SB Financial Group Price Performance

SBFG opened at $19.18 on Monday. The stock’s 50 day moving average price is $19.65 and its 200-day moving average price is $20.62. SB Financial Group has a 52-week low of $13.20 and a 52-week high of $24.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market capitalization of $125.26 million, a PE ratio of 11.15 and a beta of 0.29.

SB Financial Group (NASDAQ:SBFG) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. SB Financial Group had a return on equity of 8.98% and a net margin of 14.10%. The company had revenue of $15.39 million for the quarter, compared to analyst estimates of $11.30 million. On average, equities research analysts predict that SB Financial Group will post 2 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PL Capital Advisors LLC grew its stake in shares of SB Financial Group by 1,991.0% in the fourth quarter. PL Capital Advisors LLC now owns 588,805 shares of the financial services provider’s stock worth $12,312,000 after acquiring an additional 560,646 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in SB Financial Group by 3.2% during 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 in the last quarter. Bridgeway Capital Management LLC raised its holdings in SB Financial Group by 2.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 75,127 shares of the financial services provider’s stock worth $1,571,000 after buying an additional 1,875 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of SB Financial Group by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 71,749 shares of the financial services provider’s stock worth $1,501,000 after buying an additional 673 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of SB Financial Group by 5.0% in the fourth quarter. Empowered Funds LLC now owns 39,637 shares of the financial services provider’s stock worth $829,000 after buying an additional 1,875 shares in the last quarter. Institutional investors own 66.67% of the company’s stock.

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.