SB Financial Group (NASDAQ:SBFG) Shares Pass Below 200 Day Moving Average – Here’s Why

SB Financial Group, Inc. (NASDAQ:SBFG) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.22 and traded as low as $21.15. SB Financial Group shares last traded at $21.53, with a volume of 18,733 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen cut SB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, SB Financial Group currently has an average rating of “Moderate Buy”.

SB Financial Group Trading Down 0.7%

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $21.05 and a 200-day simple moving average of $21.22. The firm has a market cap of $135.21 million, a P/E ratio of 8.41 and a beta of 0.20.

SB Financial Group (NASDAQ:SBFG) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. SB Financial Group had a return on equity of 11.65% and a net margin of 17.22%.The business had revenue of $17.42 million for the quarter, compared to the consensus estimate of $12.60 million. On average, equities research analysts expect that SB Financial Group, Inc. will post 2.47 EPS for the current fiscal year.

SB Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, May 15th. This is a boost from SB Financial Group’s previous quarterly dividend of $0.16. SB Financial Group’s payout ratio is currently 24.22%.

Institutional Trading of SB Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in SB Financial Group by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 192,095 shares of the financial services provider’s stock valued at $4,278,000 after buying an additional 4,930 shares during the period. Geode Capital Management LLC raised its holdings 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 during the period. Bridgeway Capital Management LLC raised its holdings in SB Financial Group by 3.8% during the 3rd quarter. Bridgeway Capital Management LLC now owns 81,511 shares of the financial services provider’s stock valued at $1,572,000 after buying an additional 2,963 shares during the period. State Street Corp raised its holdings in SB Financial Group by 4.6% during the 4th quarter. State Street Corp now owns 66,689 shares of the financial services provider’s stock valued at $1,485,000 after buying an additional 2,926 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in SB Financial Group by 23.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 51,019 shares of the financial services provider’s stock valued at $1,136,000 after buying an additional 9,820 shares during the period. Hedge funds and other institutional investors own 66.67% of the company’s stock.

About SB Financial Group

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.