SB Financial Group, Inc. (NASDAQ:SBFG – Get Free Report) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 130,800 shares, an increase of 3,342.1% from the December 15th total of 3,800 shares. Based on an average trading volume of 20,400 shares, the days-to-cover ratio is presently 6.4 days. Approximately 2.2% of the shares of the stock are short sold.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of SB Financial Group in a report on Saturday, September 21st. They set a “hold” rating for the company.
Get Our Latest Analysis on SB Financial Group
SB Financial Group Trading Up 1.7 %
SB Financial Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.145 dividend. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a yield of 2.91%. The ex-dividend date was Friday, November 8th. SB Financial Group’s dividend payout ratio is currently 33.33%.
Hedge Funds Weigh In On SB Financial Group
A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of SB Financial Group by 3.5% during the third quarter. Geode Capital Management LLC now owns 71,076 shares of the financial services provider’s stock worth $1,462,000 after acquiring an additional 2,416 shares during the last quarter. Empowered Funds LLC grew its position in shares of SB Financial Group by 5.2% during the third quarter. Empowered Funds LLC now owns 37,762 shares of the financial services provider’s stock worth $776,000 after acquiring an additional 1,876 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of SB Financial Group by 325.1% during the third quarter. Barclays PLC now owns 1,271 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 972 shares during the period. 66.67% of the stock is currently owned by hedge funds and other institutional investors.
About SB Financial Group
SB Financial Group, Inc operates as the financial holding company for the State Bank and Trust Company that provides a range of commercial banking and wealth management services to individual and corporate customers primarily in Ohio, Indiana, and Michigan. It offers checking, savings, money market accounts, as well as time certificates of deposit; and commercial, consumer, agricultural, and residential mortgage loans.
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