SB Financial Group Inc (NASDAQ:SBFG) Receives Consensus Rating of “Strong Buy” from Analysts
SB Financial Group Inc (NASDAQ:SBFG) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price target of $21.00 for the company and are anticipating that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also assigned SB Financial Group an industry rank of 180 out of 256 based on the ratings given to its competitors.
Separately, ValuEngine upgraded China Southern Airlines from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th.
A number of institutional investors have recently made changes to their positions in SBFG. Punch & Associates Investment Management Inc. grew its holdings in SB Financial Group by 26.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 98,000 shares of the financial services provider’s stock worth $1,766,000 after buying an additional 20,486 shares in the last quarter. Cutler Capital Management LLC grew its holdings in SB Financial Group by 8.9% during the first quarter. Cutler Capital Management LLC now owns 141,739 shares of the financial services provider’s stock worth $2,554,000 after buying an additional 11,570 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in SB Financial Group by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 112,565 shares of the financial services provider’s stock worth $1,852,000 after purchasing an additional 1,828 shares during the last quarter. Acadian Asset Management LLC boosted its position in SB Financial Group by 2.6% in the first quarter. Acadian Asset Management LLC now owns 25,091 shares of the financial services provider’s stock worth $453,000 after purchasing an additional 642 shares during the last quarter. Finally, BlackRock Inc. boosted its position in SB Financial Group by 10.2% in the fourth quarter. BlackRock Inc. now owns 6,854 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 635 shares during the last quarter. Institutional investors and hedge funds own 47.51% of the company’s stock.
Shares of NASDAQ SBFG traded down $0.37 during midday trading on Monday, hitting $16.28. 264 shares of the stock traded hands, compared to its average volume of 7,957. The company has a market capitalization of $107.40 million, a P/E ratio of 10.78 and a beta of 0.73. SB Financial Group has a one year low of $16.05 and a one year high of $20.53. The company’s 50 day moving average is $16.66. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.20.
SB Financial Group (NASDAQ:SBFG) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.04). The firm had revenue of $12.52 million for the quarter, compared to the consensus estimate of $13.90 million. SB Financial Group had a net margin of 19.05% and a return on equity of 10.40%. Research analysts predict that SB Financial Group will post 1.64 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, August 8th. This represents a $0.36 annualized dividend and a yield of 2.21%. SB Financial Group’s dividend payout ratio (DPR) is currently 23.84%.
SB Financial Group Company Profile
SB Financial Group, Inc, through its subsidiaries, provides range of banking and wealth management services to individual and corporate customers primarily in northwest Ohio and northeast Indiana. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit.
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