StockNews.com Begins Coverage on SB Financial Group (NASDAQ:SBFG)

StockNews.com started coverage on shares of SB Financial Group (NASDAQ:SBFG) in a report released on Tuesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

SB Financial Group Trading Down 1.9 %

SB Financial Group stock opened at $13.38 on Tuesday. The company has a 50 day moving average price of $13.79 and a 200 day moving average price of $14.18. The firm has a market capitalization of $90.85 million, a price-to-earnings ratio of 7.65 and a beta of 0.68. SB Financial Group has a 52 week low of $11.82 and a 52 week high of $16.25. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.93 and a current ratio of 0.94.

SB Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.19%. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.14. SB Financial Group’s dividend payout ratio (DPR) is 30.86%.

Institutional Investors Weigh In On SB Financial Group

A hedge fund recently raised its stake in SB Financial Group stock. PL Capital Advisors LLC grew its holdings in shares of SB Financial Group, Inc. (NASDAQ:SBFG) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,159 shares of the financial services provider’s stock after purchasing an additional 1,123 shares during the quarter. PL Capital Advisors LLC owned about 0.41% of SB Financial Group worth $380,000 as of its most recent filing with the Securities and Exchange Commission. 66.67% of the stock is currently owned by institutional investors.

SB Financial Group Company Profile

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.