SB Financial Group (NASDAQ:SBFG) Share Price Passes Below 200-Day Moving Average of $14.28

SB Financial Group, Inc. (NASDAQ:SBFG)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.28 and traded as low as $13.84. SB Financial Group shares last traded at $14.13, with a volume of 1,815 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of SB Financial Group in a research report on Wednesday. They set a “hold” rating on the stock.

SB Financial Group Stock Performance

The business’s fifty day moving average is $13.85 and its two-hundred day moving average is $14.28. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $95.52 million, a PE ratio of 8.07 and a beta of 0.73.

SB Financial Group (NASDAQ:SBFG) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. SB Financial Group had a net margin of 15.47% and a return on equity of 10.00%. The firm had revenue of $13.13 million during the quarter, compared to analyst estimates of $13.50 million. As a group, research analysts anticipate that SB Financial Group, Inc. will post 1.41 EPS for the current fiscal year.

SB Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a $0.14 dividend. The ex-dividend date was Thursday, May 9th. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.96%. SB Financial Group’s dividend payout ratio (DPR) is 32.00%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SB Financial Group stock. Gendell Jeffrey L boosted its position in shares of SB Financial Group, Inc. (NASDAQ:SBFG) by 7.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,823 shares of the financial services provider’s stock after buying an additional 3,335 shares during the quarter. Gendell Jeffrey L owned 0.72% of SB Financial Group worth $673,000 as of its most recent filing with the Securities & Exchange Commission. 66.67% of the stock is currently owned by institutional investors and hedge funds.

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.