SB Financial Group (NASDAQ:SBFG) Cut to “Neutral” at Brean Capital

Brean Capital cut shares of SB Financial Group (NASDAQ:SBFG) from a buy rating to a neutral rating in a research report released on Thursday morning, Marketbeat Ratings reports. They currently have $32.00 target price on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen lowered shares of SB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings raised shares of SB Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $32.00.

SB Financial Group Stock Performance

SB Financial Group stock opened at $30.89 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.29. SB Financial Group has a 1 year low of $18.40 and a 1 year high of $32.93. The company has a market cap of $193.06 million, a PE ratio of 11.57 and a beta of 0.19. The company’s 50-day moving average is $29.30 and its two-hundred day moving average is $24.49.

SB Financial Group (NASDAQ:SBFG) last issued its earnings results on Thursday, October 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. SB Financial Group had a net margin of 17.17% and a return on equity of 11.47%. The company had revenue of $18.03 million for the quarter, compared to analyst estimates of $12.80 million. Equities analysts anticipate that SB Financial Group will post 2.60 earnings per share for the current year.

SB Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a dividend of $0.1650 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from SB Financial Group’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, November 13th. SB Financial Group’s payout ratio is presently 23.97%.

Institutional Investors Weigh In On SB Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in SB Financial Group by 10.8% during the first quarter. Bank of America Corp DE now owns 19,633 shares of the financial services provider’s stock worth $412,000 after buying an additional 1,908 shares during the last quarter. PL Capital Advisors LLC grew its position in shares of SB Financial Group by 10.3% during the 2nd quarter. PL Capital Advisors LLC now owns 33,101 shares of the financial services provider’s stock worth $836,000 after buying an additional 3,101 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of SB Financial Group by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 197,772 shares of the financial services provider’s stock valued at $4,153,000 after acquiring an additional 5,677 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of SB Financial Group by 22.7% in the 1st quarter. Hsbc Holdings PLC now owns 31,832 shares of the financial services provider’s stock valued at $672,000 after acquiring an additional 5,896 shares during the last quarter. Finally, Globeflex Capital L P bought a new stake in shares of SB Financial Group in the 1st quarter valued at about $149,000. Institutional investors own 66.67% of the company’s stock.

About SB Financial Group

SB Financial Group, Inc is a financial holding company headquartered in Defiance, Ohio. Through its principal subsidiary, The State Bank and Trust Company, the company provides community banking services to individuals, families, businesses and organizations.

The State Bank and Trust Company offers deposit accounts, commercial and consumer lending, residential and commercial real estate financing, treasury management and other traditional banking products. The company also provides trust, investment management and wealth management services, along with mortgage banking and related financial services.

SB Financial Group serves communities in northwestern Ohio and northeastern Indiana through its banking offices and digital channels.