SB Financial Group, Inc. (NASDAQ:SBFG) Increases Dividend to $0.17 Per Share

SB Financial Group, Inc. (NASDAQ:SBFG) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 13th will be given a dividend of $0.1650 per share by the financial services provider on Friday, November 27th. This represents a $0.66 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 13th. This is a 3.1% increase from SB Financial Group’s previous quarterly dividend of $0.16.

SB Financial Group has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. SB Financial Group has a payout ratio of 29.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect SB Financial Group to earn $2.65 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 24.9%.

SB Financial Group Trading Up 3.0%

Shares of NASDAQ SBFG opened at $29.11 on Wednesday. The firm’s 50 day moving average price is $29.59 and its 200-day moving average price is $24.75. SB Financial Group has a 52-week low of $19.52 and a 52-week high of $32.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.94 and a current ratio of 0.95. The company has a market cap of $181.94 million, a PE ratio of 10.90 and a beta of 0.18.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings results on Friday, October 23rd. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. SB Financial Group had a net margin of 17.17% and a return on equity of 11.46%. The company had revenue of $18.03 million during the quarter, compared to the consensus estimate of $12.80 million. On average, equities research analysts expect that SB Financial Group will post 2.60 EPS for the current fiscal year.

Hedge Funds Weigh In On SB Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in SBFG. Ritholtz Wealth Management purchased a new position in shares of SB Financial Group during the 3rd quarter worth $528,000. Squarepoint Ops LLC purchased a new position in shares of SB Financial Group during the 2nd quarter valued at about $223,000. PL Capital Advisors LLC lifted its position in shares of SB Financial Group by 10.3% during the 2nd quarter. PL Capital Advisors LLC now owns 33,101 shares of the financial services provider’s stock valued at $836,000 after buying an additional 3,101 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of SB Financial Group by 19.8% during the 2nd quarter. Hsbc Holdings PLC now owns 38,138 shares of the financial services provider’s stock valued at $928,000 after acquiring an additional 6,306 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of SB Financial Group during the 2nd quarter valued at approximately $1,163,000. Hedge funds and other institutional investors own 66.67% of the company’s stock.

SB Financial Group Company Profile

SB Financial Group, Inc. is a financial holding company headquartered in Defiance, Ohio. Through its principal subsidiary, The State Bank and Trust Company, the company provides community banking services to individuals, families, businesses and organizations. The State Bank and Trust Company offers deposit accounts, commercial and consumer lending, residential and commercial real estate financing, treasury management and other traditional banking products. The company also provides trust, investment management and wealth management services, along with mortgage banking and related financial services.