SB Financial Group (NASDAQ:SBFG) Shares Cross Above 50-Day Moving Average – Here’s What Happened

SB Financial Group, Inc. (NASDAQ:SBFG)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $21.47 and traded as high as $24.23. SB Financial Group shares last traded at $24.00, with a volume of 8,721 shares.

SB Financial Group Price Performance

The stock’s 50-day moving average price is $21.47 and its 200 day moving average price is $19.51. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $159.60 million, a price-to-earnings ratio of 13.95 and a beta of 0.77.

SB Financial Group (NASDAQ:SBFG) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. SB Financial Group had a net margin of 14.10% and a return on equity of 8.98%. Equities research analysts expect that SB Financial Group, Inc. will post 1.78 earnings per share for the current fiscal year.

SB Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.145 per share. The ex-dividend date is Friday, February 14th. This represents a $0.58 dividend on an annualized basis and a yield of 2.42%. SB Financial Group’s payout ratio is 33.72%.

Institutional Trading of SB Financial Group

Several large investors have recently added to or reduced their stakes in SBFG. Barclays PLC raised its holdings in shares of SB Financial Group by 325.1% during the 3rd quarter. Barclays PLC now owns 1,271 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 972 shares during the period. Jones Financial Companies Lllp purchased a new position in SB Financial Group during the fourth quarter worth about $62,000. Ritholtz Wealth Management acquired a new position in SB Financial Group in the 4th quarter valued at about $408,000. Empowered Funds LLC boosted its holdings in SB Financial Group by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 37,762 shares of the financial services provider’s stock valued at $776,000 after purchasing an additional 1,876 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of 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 valued at $1,462,000 after buying an additional 2,416 shares during the period. 66.67% of the stock is currently owned by hedge funds and other institutional investors.

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.