SB Financial Group (SBFG) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of SB Financial Group (NASDAQ:SBFG) from a hold rating to a buy rating in a research note released on Friday.

Separately, FIG Partners reissued an outperform rating on shares of SB Financial Group in a report on Friday, February 16th.

Shares of SB Financial Group (NASDAQ SBFG) traded down $0.50 during trading on Friday, hitting $18.82. 59,561 shares of the company traded hands, compared to its average volume of 38,491. The company has a market cap of $124.79, a price-to-earnings ratio of 10.75 and a beta of 0.53. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.27. SB Financial Group has a 12 month low of $15.61 and a 12 month high of $19.58.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter. SB Financial Group had a net margin of 22.26% and a return on equity of 12.43%. The company had revenue of $11.75 million for the quarter. equities research analysts predict that SB Financial Group will post 1.53 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Thursday, February 15th. SB Financial Group’s payout ratio is 17.14%.

In other SB Financial Group news, Chairman Mark A. Klein bought 4,166 shares of SB Financial Group stock in a transaction on Tuesday, February 13th. The shares were purchased at an average cost of $18.00 per share, with a total value of $74,988.00. Following the acquisition, the chairman now directly owns 23,209 shares of the company’s stock, valued at approximately $417,762. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Anthony Van Cosentino bought 2,777 shares of SB Financial Group stock in a transaction on Tuesday, February 13th. The shares were acquired at an average cost of $18.00 per share, for a total transaction of $49,986.00. Following the completion of the acquisition, the chief financial officer now directly owns 5,000 shares in the company, valued at $90,000. The disclosure for this purchase can be found here. Insiders have acquired a total of 8,508 shares of company stock worth $153,083 over the last three months. Insiders own 4.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SBFG. Vanguard Group Inc. lifted its position in shares of SB Financial Group by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 87,225 shares of the financial services provider’s stock worth $1,481,000 after purchasing an additional 400 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of SB Financial Group by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 76,580 shares of the financial services provider’s stock worth $1,301,000 after purchasing an additional 1,639 shares during the period. SeaCrest Wealth Management LLC acquired a new position in shares of SB Financial Group in the 4th quarter worth approximately $283,000. BlackRock Inc. lifted its position in shares of SB Financial Group by 263.0% in the 4th quarter. BlackRock Inc. now owns 5,895 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 4,271 shares during the period. Finally, Pinnacle Holdings LLC lifted its position in shares of SB Financial Group by 1.8% in the 4th quarter. Pinnacle Holdings LLC now owns 183,180 shares of the financial services provider’s stock worth $3,387,000 after purchasing an additional 3,236 shares during the period. 15.20% of the stock is currently owned by hedge funds and other institutional investors.

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About SB Financial Group

SB Financial Group, Inc is a bank holding company. Through its direct and indirect subsidiaries, the Company is engaged in a range of activities, including commercial banking, item processing and wealth management services. The Company’s subsidiaries include The State Bank and Trust Company (State Bank), RFCBC, Inc (RFCBC), Rurbanc Data Services, Inc (doing business as RDSI Banking Systems (RDSI)), SBT Insurance, LLC (SBI) and Rurban Statutory Trust II (RST II).

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