SB Financial Group, Inc. (NASDAQ:SBFG) Sees Significant Decrease in Short Interest

SB Financial Group, Inc. (NASDAQ:SBFG) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 78,600 shares, a decline of 32.5% from the February 28th total of 116,500 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average trading volume of 21,200 shares, the days-to-cover ratio is presently 3.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SBFG. Barclays PLC lifted its holdings in SB Financial Group by 325.1% in the third quarter. Barclays PLC now owns 1,271 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 972 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of SB Financial Group in the 4th quarter worth approximately $62,000. Jane Street Group LLC acquired a new stake in shares of SB Financial Group in the 4th quarter worth approximately $208,000. Ritholtz Wealth Management bought a new position in shares of SB Financial Group in the fourth quarter valued at approximately $408,000. Finally, Northern Trust Corp boosted its holdings in shares of SB Financial Group by 41.5% in the fourth quarter. Northern Trust Corp now owns 25,108 shares of the financial services provider’s stock valued at $525,000 after acquiring an additional 7,370 shares in the last quarter. Institutional investors own 66.67% of the company’s stock.

SB Financial Group Stock Down 0.4 %

SB Financial Group stock opened at $21.15 on Friday. The firm has a market capitalization of $138.22 million, a P/E ratio of 12.30 and a beta of 0.80. The company has a 50-day simple moving average of $21.50 and a 200-day simple moving average of $20.71. SB Financial Group has a one year low of $13.01 and a one year 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.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.41 by $0.11. SB Financial Group had a net margin of 14.10% and a return on equity of 8.98%. As a group, equities analysts expect that SB Financial Group will post 2 earnings per share for the current year.

SB Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.145 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.58 dividend on an annualized basis and a yield of 2.74%. SB Financial Group’s dividend payout ratio (DPR) is presently 33.72%.

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.