SB Financial Group (NASDAQ:SBFG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday.

According to Zacks, “SB Financial Group, Inc. is a financial services holding company with two wholly-owned operating subsidiaries: State Bank and RDSI Banking Systems. State Bank offers a full range of financial services for consumers and small businesses, including wealth management, mortgage banking, commercial and agricultural lending. RDSI provides item processing services to community banks located in the Midwest. SB Financial Group, Inc., formerly known as Rurban Financial Corp., is based in Defiance, Ohio. “

Separately, ValuEngine lowered shares of SB Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd.

NASDAQ:SBFG opened at $17.99 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $116.41 million, a PE ratio of 12.24 and a beta of 0.69. SB Financial Group has a 1-year low of $17.00 and a 1-year high of $20.53.

SB Financial Group (NASDAQ:SBFG) last posted its quarterly earnings data on Friday, October 19th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $12.73 million during the quarter, compared to analyst estimates of $12.90 million. SB Financial Group had a net margin of 23.37% and a return on equity of 11.01%. Research analysts anticipate that SB Financial Group will post 1.5 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of SBFG. Dimensional Fund Advisors LP increased its position in SB Financial Group by 17.5% during the first quarter. Dimensional Fund Advisors LP now owns 96,947 shares of the financial services provider’s stock worth $1,784,000 after purchasing an additional 14,414 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in SB Financial Group during the first quarter worth approximately $1,386,000. Acadian Asset Management LLC increased its position in SB Financial Group by 149.9% during the second quarter. Acadian Asset Management LLC now owns 21,724 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 13,032 shares during the last quarter. Cutler Capital Management LLC increased its position in SB Financial Group by 149.9% during the second quarter. Cutler Capital Management LLC now owns 42,481 shares of the financial services provider’s stock worth $863,000 after purchasing an additional 25,481 shares during the last quarter. Finally, Maltese Capital Management LLC increased its position in SB Financial Group by 7.7% during the second quarter. Maltese Capital Management LLC now owns 195,152 shares of the financial services provider’s stock worth $3,965,000 after purchasing an additional 13,949 shares during the last quarter. 45.33% of the stock is owned by hedge funds and other institutional investors.

About SB Financial Group

SB Financial Group, Inc, through its subsidiaries, provides range of banking and wealth management services to individual and corporate customers primarily in northwest Ohio and northeast Indiana. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit.

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