SB Financial Group Inc (NASDAQ:SBFG) Short Interest Update

SB Financial Group Inc (NASDAQ:SBFG) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 6,600 shares, an increase of 100.0% from the August 30th total of 3,300 shares. Based on an average daily trading volume, of 9,700 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

SB Financial Group stock remained flat at $$16.40 during mid-day trading on Friday. 3,425 shares of the company’s stock traded hands, compared to its average volume of 6,574. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. SB Financial Group has a 52-week low of $15.76 and a 52-week high of $20.16. The firm’s 50 day moving average price is $16.26 and its two-hundred day moving average price is $17.00. The firm has a market capitalization of $106.66 million, a PE ratio of 10.85 and a beta of 0.75.

SB Financial Group (NASDAQ:SBFG) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.04). SB Financial Group had a return on equity of 10.31% and a net margin of 19.05%. The firm had revenue of $12.52 million for the quarter, compared to the consensus estimate of $13.90 million. On average, analysts forecast that SB Financial Group will post 1.63 earnings per share for the current year.

Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of SB Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of SB Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st.

A number of institutional investors have recently added to or reduced their stakes in SBFG. Stieven Capital Advisors L.P. raised its holdings in SB Financial Group by 75.9% during the 2nd quarter. Stieven Capital Advisors L.P. now owns 270,860 shares of the financial services provider’s stock worth $4,458,000 after purchasing an additional 116,849 shares during the last quarter. EJF Capital LLC raised its holdings in SB Financial Group by 18.9% during the 2nd quarter. EJF Capital LLC now owns 629,151 shares of the financial services provider’s stock worth $10,356,000 after purchasing an additional 100,000 shares during the last quarter. Cutler Capital Management LLC raised its holdings in SB Financial Group by 30.5% during the 2nd quarter. Cutler Capital Management LLC now owns 185,003 shares of the financial services provider’s stock worth $3,045,000 after purchasing an additional 43,264 shares during the last quarter. Punch & Associates Investment Management Inc. raised its holdings in SB Financial Group by 26.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 98,000 shares of the financial services provider’s stock worth $1,766,000 after purchasing an additional 20,486 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. bought a new position in SB Financial Group during the 2nd quarter worth approximately $188,000. Hedge funds and other institutional investors own 46.82% of the company’s stock.

About SB Financial Group

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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