Key Points
- Director Richard Hardgrove sold 977 shares on Feb 4 at an average price of $22.15 for about $21,640, reducing his stake by 6.55% to 13,938 shares (valued ≈ $308,727).
- SB Financial declared a quarterly dividend of $0.155 (ex-dividend Feb 13, payable Feb 27), equal to an annualized $0.62 and a yield of roughly 2.8% with a payout ratio of 28.18%.
- The company beat Q4 expectations with EPS of $0.65 vs. $0.64 and revenue of $16.58M vs. $12.30M, and currently trades with a market cap of $138.1M and a P/E of 10.0.
SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) Director Richard Hardgrove sold 977 shares of the firm's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $22.15, for a total transaction of $21,640.55. Following the completion of the transaction, the director owned 13,938 shares in the company, valued at $308,726.70. This represents a 6.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
SB Financial Group Stock Performance
Shares of SB Financial Group stock opened at $21.92 on Thursday. SB Financial Group, Inc. has a 12 month low of $17.10 and a 12 month high of $24.48. The firm has a market capitalization of $138.10 million, a P/E ratio of 10.00 and a beta of 0.22. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $22.10 and a two-hundred day simple moving average of $20.90.
SB Financial Group (NASDAQ:SBFG - Get Free Report) last released its quarterly earnings results on Friday, January 30th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. The firm had revenue of $16.58 million for the quarter, compared to the consensus estimate of $12.30 million. SB Financial Group had a return on equity of 11.02% and a net margin of 15.35%. On average, equities analysts forecast that SB Financial Group, Inc. will post 2 earnings per share for the current fiscal year.
SB Financial Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.62 dividend on an annualized basis and a yield of 2.8%. SB Financial Group's payout ratio is presently 28.18%.
Analysts Set New Price Targets
SBFG has been the subject of a number of analyst reports. Zacks Research downgraded shares of SB Financial Group from a "strong-buy" rating to a "hold" rating in a report on Friday, January 2nd. Weiss Ratings restated a "buy (b-)" rating on shares of SB Financial Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".
Get Our Latest Report on SBFG
Hedge Funds Weigh In On SB Financial Group
Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in SB Financial Group by 98.3% during the 2nd quarter. Geode Capital Management LLC now owns 148,786 shares of the financial services provider's stock valued at $2,842,000 after buying an additional 73,771 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of SB Financial Group in the second quarter worth about $524,000. Valmark Advisers Inc. acquired a new stake in SB Financial Group during the third quarter worth about $439,000. Marshall Wace LLP acquired a new stake in shares of SB Financial Group during the 2nd quarter worth approximately $384,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of SB Financial Group in the 1st quarter valued at $350,000. 66.67% of the stock is owned by hedge funds and other institutional investors.
SB Financial Group Company Profile
(
Get Free Report)
SB Financial Group, Inc (NASDAQ: SBFG) is the bank holding company for Star Financial Bank, a full-service community bank headquartered in Fort Wayne, Indiana. Through its wholly owned subsidiary, the company offers a broad portfolio of commercial and consumer banking products, including deposit accounts, lending solutions, mortgage origination and servicing, and cash management services.
In its commercial banking division, SB Financial Group provides working capital loans, equipment financing, commercial real estate lending and treasury management solutions designed for small- and mid-sized businesses.
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