SB Financial Group (NASDAQ:SBFG) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of SB Financial Group (NASDAQ:SBFGFree Report) in a research report report published on Saturday morning. The brokerage issued a hold rating on the financial services provider’s stock.

SB Financial Group Stock Performance

NASDAQ:SBFG opened at $15.06 on Friday. SB Financial Group has a 1-year low of $11.82 and a 1-year high of $17.30. The firm has a market capitalization of $102.41 million, a price-to-earnings ratio of 8.61 and a beta of 0.71. The company’s 50-day moving average is $15.19 and its two-hundred day moving average is $14.25. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.90.

SB Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.59%. SB Financial Group’s payout ratio is 30.86%.

Hedge Funds Weigh In On SB Financial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. lifted its position in SB Financial Group by 3.1% in the second quarter. Alliancebernstein L.P. now owns 559,499 shares of the financial services provider’s stock valued at $7,061,000 after acquiring an additional 17,054 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of SB Financial Group by 5.9% during the first quarter. The Manufacturers Life Insurance Company now owns 489,176 shares of the financial services provider’s stock worth $9,739,000 after buying an additional 27,065 shares during the last quarter. Cutler Capital Management LLC raised its stake in SB Financial Group by 0.7% during the 2nd quarter. Cutler Capital Management LLC now owns 399,040 shares of the financial services provider’s stock valued at $5,036,000 after acquiring an additional 2,742 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of SB Financial Group by 4.6% in the first quarter. Vanguard Group Inc. now owns 304,864 shares of the financial services provider’s stock valued at $6,070,000 after purchasing an additional 13,343 shares during the period. Finally, Pinnacle Holdings LLC raised its stake in shares of SB Financial Group by 5.1% during the first quarter. Pinnacle Holdings LLC now owns 164,742 shares of the financial services provider’s stock worth $3,280,000 after purchasing an additional 7,953 shares during the last quarter. 49.93% of the stock is owned by institutional investors and hedge funds.

SB Financial Group Company Profile

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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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