The Manufacturers Life Insurance Company Invests $11.82 Million in SB Financial Group, Inc. $SBFG

The Manufacturers Life Insurance Company bought a new stake in SB Financial Group, Inc. (NASDAQ:SBFG) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 467,892 shares of the financial services provider’s stock, valued at approximately $11,824,000. The Manufacturers Life Insurance Company owned 0.07% of SB Financial Group as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SBFG. BNP Paribas Financial Markets increased its position in SB Financial Group by 131.1% during the third quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider’s stock worth $35,000 after buying an additional 1,016 shares during the last quarter. Bank of America Corp DE lifted its position in shares of SB Financial Group by 4,732.7% in the second quarter. Bank of America Corp DE now owns 2,658 shares of the financial services provider’s stock valued at $51,000 after buying an additional 2,603 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of SB Financial Group by 23,475.0% in the second quarter. JPMorgan Chase & Co. now owns 2,829 shares of the financial services provider’s stock valued at $54,000 after buying an additional 2,817 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of SB Financial Group during the 2nd quarter worth approximately $62,000. Finally, Deutsche Bank AG boosted its stake in shares of SB Financial Group by 87.3% during the 4th quarter. Deutsche Bank AG now owns 4,141 shares of the financial services provider’s stock worth $92,000 after acquiring an additional 1,930 shares during the period. 66.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wall Street Zen lowered SB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SB Financial Group in a report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

SB Financial Group Price Performance

Shares of SB Financial Group stock opened at $27.66 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $172.88 million, a price-to-earnings ratio of 10.32 and a beta of 0.19. SB Financial Group, Inc. has a twelve month low of $18.16 and a twelve month high of $28.47. The company has a 50-day simple moving average of $26.28 and a two-hundred day simple moving average of $23.15.

SB Financial Group (NASDAQ:SBFG) last announced its earnings results on Friday, July 31st. The financial services provider reported $0.73 earnings per share (EPS) for the quarter. SB Financial Group had a net margin of 17.67% and a return on equity of 11.82%. The firm had revenue of $18.00 million for the quarter. Analysts forecast that SB Financial Group, Inc. will post 2.56 EPS for the current year.

SB Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 14th. SB Financial Group’s payout ratio is 23.88%.

SB Financial Group Company Profile

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.