Strategic Value Bank Partners LLC Sells 73,993 Shares of SB Financial Group, Inc. $SBFG

Strategic Value Bank Partners LLC lessened its holdings in shares of SB Financial Group, Inc. (NASDAQ:SBFG) by 21.0% in the 3rd quarter, Holdings Channel reports. The fund owned 278,822 shares of the financial services provider’s stock after selling 73,993 shares during the quarter. SB Financial Group accounts for 3.8% of Strategic Value Bank Partners LLC’s holdings, making the stock its 10th largest holding. Strategic Value Bank Partners LLC’s holdings in SB Financial Group were worth $5,378,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bridgeway Capital Management LLC boosted its holdings in shares of SB Financial Group by 0.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 78,548 shares of the financial services provider’s stock worth $1,500,000 after purchasing an additional 589 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of SB Financial Group by 56.0% in the first quarter. Acadian Asset Management LLC now owns 5,761 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 2,068 shares during the last quarter. Bank of America Corp DE lifted its position in SB Financial Group by 4,732.7% during the second quarter. Bank of America Corp DE now owns 2,658 shares of the financial services provider’s stock worth $51,000 after buying an additional 2,603 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in SB Financial Group by 23,475.0% during the second quarter. JPMorgan Chase & Co. now owns 2,829 shares of the financial services provider’s stock worth $54,000 after buying an additional 2,817 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in SB Financial Group by 7.1% in the 1st quarter. Empowered Funds LLC now owns 42,469 shares of the financial services provider’s stock valued at $884,000 after buying an additional 2,832 shares in the last quarter. 66.67% of the stock is owned by hedge funds and other institutional investors.

SB Financial Group Price Performance

NASDAQ:SBFG opened at $21.64 on Tuesday. SB Financial Group, Inc. has a 52 week low of $17.10 and a 52 week high of $24.48. The stock’s fifty day moving average is $21.14 and its two-hundred day moving average is $20.28. The company has a market capitalization of $136.31 million, a P/E ratio of 10.21 and a beta of 0.25. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.40.

SB Financial Group (NASDAQ:SBFG) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $16.58 million during the quarter, compared to analysts’ expectations of $12.30 million. SB Financial Group had a return on equity of 10.68% and a net margin of 15.31%. Equities analysts expect that SB Financial Group, Inc. will post 2 EPS for the current year.

SB Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a dividend of $0.155 per share. This is a boost from SB Financial Group’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, November 14th. SB Financial Group’s dividend payout ratio (DPR) is 29.25%.

Analysts Set New Price Targets

Several research firms have recently commented on SBFG. Weiss Ratings reiterated a “buy (b)” rating on shares of SB Financial Group in a report on Monday, December 15th. Zacks Research raised shares of SB Financial Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

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.