SB Financial Group, Inc. (NASDAQ:SBFG) Sees Large Decrease in Short Interest

SB Financial Group, Inc. (NASDAQ:SBFG) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 3,800 shares, a decrease of 34.5% from the November 30th total of 5,800 shares. Based on an average trading volume of 19,200 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in SB Financial Group by 325.1% during the third quarter. Barclays PLC now owns 1,271 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 972 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of SB Financial Group by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 37,762 shares of the financial services provider’s stock valued at $776,000 after buying an additional 1,876 shares in the last quarter. Geode Capital Management LLC lifted its position in SB Financial Group by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 71,076 shares of the financial services provider’s stock worth $1,462,000 after buying an additional 2,416 shares during the last quarter. Finally, Princeton Capital Management LLC bought a new stake in SB Financial Group in the 2nd quarter worth approximately $146,000. Institutional investors own 66.67% of the company’s stock.

SB Financial Group Price Performance

SB Financial Group stock traded down $0.10 during mid-day trading on Friday, hitting $21.48. 21,284 shares of the company traded hands, compared to its average volume of 9,345. The stock has a fifty day moving average price of $20.62 and a 200-day moving average price of $17.91. The stock has a market cap of $142.88 million, a price-to-earnings ratio of 12.34 and a beta of 0.77. SB Financial Group has a one year low of $13.01 and a one year high of $23.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.92.

SB Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.145 dividend. The ex-dividend date was Friday, November 8th. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a yield of 2.70%. SB Financial Group’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

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

About SB Financial Group

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.