SB Financial Group, Inc. (SBFG) to Issue Quarterly Dividend of $0.14 on May 24th

SB Financial Group, Inc. (NASDAQ:SBFG) announced a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Friday, May 10th will be given a dividend of 0.14 per share by the financial services provider on Friday, May 24th. This represents a $0.56 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, May 9th. This is a boost from SB Financial Group’s previous quarterly dividend of $0.14.

SB Financial Group has raised its dividend payment by an average of 10.9% annually over the last three years and has increased its dividend every year for the last 11 years. SB Financial Group has a dividend payout ratio of 37.1% meaning its dividend is sufficiently covered by earnings. Analysts expect SB Financial Group to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 37.1%.

SB Financial Group Stock Performance

SBFG traded down $0.01 during trading on Tuesday, hitting $13.50. The company’s stock had a trading volume of 10,574 shares, compared to its average volume of 2,456. The business’s 50 day simple moving average is $13.70 and its 200-day simple moving average is $14.20. The firm has a market cap of $91.67 million, a PE ratio of 7.71 and a beta of 0.68. SB Financial Group has a one year low of $11.82 and a one year high of $16.25. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.83.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of SB Financial Group in a research report on Tuesday, April 30th. They issued a “hold” rating for the company.

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.