SB Financial Group, Inc. (NASDAQ:SBFG) Declares Quarterly Dividend of $0.15

Posted by Tech Dows on Nov 7th, 2024

SB Financial Group, Inc. (NASDAQ:SBFG – Get Free Report) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.145 per share by the financial services provider on Friday, November 22nd. This represents a $0.58 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Friday, November 8th. This is an increase from SB Financial Group’s previous quarterly dividend of $0.14.

SB Financial Group has increased its dividend by an average of 10.9% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. SB Financial Group has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect SB Financial Group to earn $1.78 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 32.6%.

SB Financial Group Price Performance

Shares of SB Financial Group stock opened at $18.72 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $19.01 and a 200 day moving average price of $16.05. The firm has a market cap of $125.99 million, a PE ratio of 10.76 and a beta of 0.75. SB Financial Group has a twelve month low of $12.85 and a twelve month high of $21.21.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of SB Financial Group in a research report on Saturday, September 21st. They set a “hold” rating on the stock.

Check Out Our Latest Report on SBFG

SB Financial Group Company Profile

(Get Free Report)

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.