Weiss Ratings Reaffirms “Buy (B-)” Rating for SB Financial Group (NASDAQ:SBFG)

SB Financial Group (NASDAQ:SBFG)‘s stock had its “buy (b-)” rating reaffirmed by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also recently commented on SBFG. Wall Street Zen upgraded SB Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Zacks Research cut SB Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

SB Financial Group Trading Up 0.6%

Shares of SBFG stock opened at $19.20 on Wednesday. SB Financial Group has a fifty-two week low of $17.10 and a fifty-two week high of $24.48. The stock has a market cap of $121.56 million, a P/E ratio of 10.49 and a beta of 0.28. The business has a fifty day simple moving average of $20.60 and a 200-day simple moving average of $19.65. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.41.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. SB Financial Group had a return on equity of 9.57% and a net margin of 13.78%.The business had revenue of $17.02 million during the quarter, compared to analysts’ expectations of $11.80 million. On average, analysts forecast that SB Financial Group will post 2 earnings per share for the current fiscal year.

Institutional Trading of SB Financial Group

A number of hedge funds have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC boosted its stake in SB Financial Group by 0.8% in the 2nd quarter. Bridgeway Capital Management LLC now owns 78,548 shares of the financial services provider’s stock worth $1,500,000 after buying an additional 589 shares during the last quarter. Bank of America Corp DE boosted its stake in SB Financial Group by 4,732.7% in the 2nd 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in SB Financial Group in the 2nd quarter worth about $62,000. Marshall Wace LLP acquired a new stake in SB Financial Group in the 2nd quarter worth about $384,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in SB Financial Group in the 2nd quarter worth about $524,000. 66.67% of the stock is owned by institutional investors and hedge funds.

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.