SB Financial Group (NASDAQ:SBFG) Rating Lowered to Neutral at Brean Capital

Key Points

• Brean Capital downgraded SB Financial Group from “Buy” to “Neutral,” while maintaining a $32 price target, implying roughly 3.8% upside from the previous close.
• Analyst sentiment is now mixed but leans toward “Hold”: one analyst rates the stock Buy and two rate it Hold, with an average target price of $32.
• SB Financial exceeded quarterly expectations, reporting $0.63 earnings per share versus a $0.62 consensus estimate and $18.03 million in revenue versus $12.80 million expected; institutional investors own 66.67% of the stock.

SB Financial Group (NASDAQ:SBFG - Get Free Report) was downgraded by equities researchers at Brean Capital from a "buy" rating to a "neutral" rating in a research report issued on Thursday, MarketBeat reports. They presently have a $32.00 price target on the financial services provider's stock. Brean Capital's price objective indicates a potential upside of 3.80% from the company's previous close.

Other analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of SB Financial Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings upgraded SB Financial Group from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, SB Financial Group currently has an average rating of "Hold" and an average target price of $32.00.

SB Financial Group Trading Up 0.8%

Shares of SBFG opened at $30.83 on Thursday. The firm has a market cap of $192.78 million, a P/E ratio of 11.55 and a beta of 0.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.95 and a quick ratio of 0.94. SB Financial Group has a 1 year low of $18.16 and a 1 year high of $32.93. The company has a 50 day simple moving average of $29.12 and a two-hundred day simple moving average of $24.39.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last released its earnings results on Thursday, October 22nd. The financial services provider reported $0.63 EPS for the quarter, topping 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 firm had revenue of $18.03 million for the quarter, compared to the consensus estimate of $12.80 million. On average, equities analysts expect that SB Financial Group will post 2.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SB Financial Group

A number of hedge funds have recently bought and sold shares of SBFG. Bank of America Corp DE raised its position in shares of SB Financial Group by 10.8% during the 1st quarter. Bank of America Corp DE now owns 19,633 shares of the financial services provider's stock valued at $412,000 after buying an additional 1,908 shares in the last quarter. PL Capital Advisors LLC lifted its holdings in shares of SB Financial Group by 10.3% in the 2nd quarter. PL Capital Advisors LLC now owns 33,101 shares of the financial services provider's stock valued at $836,000 after acquiring an additional 3,101 shares during the last quarter. Dimensional Fund Advisors LP grew its position in SB Financial Group by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 197,772 shares of the financial services provider's stock worth $4,153,000 after acquiring an additional 5,677 shares in the last quarter. Hsbc Holdings PLC grew its position in SB Financial Group by 22.7% in the first quarter. Hsbc Holdings PLC now owns 31,832 shares of the financial services provider's stock worth $672,000 after acquiring an additional 5,896 shares in the last quarter. Finally, Globeflex Capital L P purchased a new position in SB Financial Group in the second quarter worth about $179,000. Hedge funds and other institutional investors own 66.67% of the company's stock.

SB Financial Group Company Profile

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.

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