ValuEngine Downgrades SB Financial Group (SBFG) to Sell

ValuEngine cut shares of SB Financial Group (NASDAQ:SBFG) from a hold rating to a sell rating in a research note published on Friday.

Separately, Zacks Investment Research lowered shares of SB Financial Group from a hold rating to a sell rating in a research note on Tuesday, October 23rd.

NASDAQ:SBFG opened at $17.85 on Friday. SB Financial Group has a one year low of $17.00 and a one year high of $20.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market cap of $116.21 million, a P/E ratio of 11.83 and a beta of 0.69.

SB Financial Group (NASDAQ:SBFG) last posted its quarterly earnings data on Friday, October 19th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). SB Financial Group had a return on equity of 11.01% and a net margin of 23.37%. The business had revenue of $12.73 million for the quarter, compared to the consensus estimate of $12.90 million. Research analysts anticipate that SB Financial Group will post 1.5 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be paid a dividend of $0.085 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.34 annualized dividend and a yield of 1.90%. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.08. SB Financial Group’s payout ratio is presently 21.77%.

A number of large investors have recently bought and sold shares of SBFG. Acadian Asset Management LLC lifted its stake in shares of SB Financial Group by 149.9% in the second quarter. Acadian Asset Management LLC now owns 21,724 shares of the financial services provider’s stock worth $442,000 after buying an additional 13,032 shares in the last quarter. Cutler Capital Management LLC lifted its stake in shares of SB Financial Group by 149.9% in the second quarter. Cutler Capital Management LLC now owns 42,481 shares of the financial services provider’s stock worth $863,000 after buying an additional 25,481 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of SB Financial Group by 15.6% in the second quarter. Renaissance Technologies LLC now owns 47,500 shares of the financial services provider’s stock worth $965,000 after buying an additional 6,400 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of SB Financial Group in the first quarter worth approximately $1,386,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of SB Financial Group by 17.5% in the first quarter. Dimensional Fund Advisors LP now owns 96,947 shares of the financial services provider’s stock worth $1,784,000 after buying an additional 14,414 shares in the last quarter. 45.33% of the stock is currently owned by institutional investors and hedge funds.

SB Financial Group Company Profile

SB Financial Group, Inc, through its subsidiaries, provides range of banking and wealth management services to individual and corporate customers primarily in northwest Ohio and northeast Indiana. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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