SB Financial Group, Inc. (NASDAQ:SBFG) to Issue Quarterly Dividend of $0.15

SB Financial Group, Inc. (NASDAQ:SBFG) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Investors of record on Friday, November 8th will be given a dividend of 0.145 per share by the financial services provider on Friday, November 22nd. This represents a $0.58 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from SB Financial Group’s previous quarterly dividend of $0.14.

SB Financial Group has increased its dividend by an average of 10.9% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. SB Financial Group has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect SB Financial Group to earn $1.78 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 32.6%.

SB Financial Group Stock Performance

NASDAQ:SBFG traded down $1.50 on Wednesday, hitting $18.10. The company’s stock had a trading volume of 31,476 shares, compared to its average volume of 8,038. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. SB Financial Group has a one year low of $12.85 and a one year high of $21.21. The stock has a fifty day moving average of $18.96 and a two-hundred day moving average of $16.04. The firm has a market capitalization of $121.81 million, a P/E ratio of 10.40 and a beta of 0.75.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on SB Financial Group in a report on Saturday, September 21st. They issued a “hold” rating on the stock.

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.