BlackRock Inc. Purchases Shares of 158,817 SB Financial Group, Inc. $SBFG

Key Points

• BlackRock acquired 158,817 shares of SB Financial Group in the second quarter, worth approximately $4.0 million and representing about 2.53% of the company. Institutional investors collectively own 66.67% of SBFG.
• Analyst sentiment is mixed but leans positive: Weiss Ratings maintained a buy rating, while Wall Street Zen downgraded the stock to hold. The overall consensus rating is “Moderate Buy.”
• SB Financial Group reported quarterly earnings of $0.73 per share on $18.0 million in revenue and declared a quarterly dividend of $0.16 per share, equivalent to a 2.1% annualized yield.

BlackRock Inc. acquired a new stake in SB Financial Group, Inc. (NASDAQ:SBFG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 158,817 shares of the financial services provider's stock, valued at approximately $4,013,000. BlackRock Inc. owned approximately 2.53% of SB Financial Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SBFG. Goldman Sachs Group Inc. bought a new position in SB Financial Group during the first quarter worth about $350,000. Empowered Funds LLC raised its stake in SB Financial Group by 7.1% in the first quarter. Empowered Funds LLC now owns 42,469 shares of the financial services provider's stock valued at $884,000 after buying an additional 2,832 shares during the period. Jane Street Group LLC raised its stake in SB Financial Group by 123.0% in the first quarter. Jane Street Group LLC now owns 22,159 shares of the financial services provider's stock valued at $461,000 after buying an additional 12,224 shares during the period. Acadian Asset Management LLC lifted its position in shares of SB Financial Group by 56.0% in the first quarter. Acadian Asset Management LLC now owns 5,761 shares of the financial services provider's stock valued at $119,000 after buying an additional 2,068 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of SB Financial Group by 98.3% in the second quarter. Geode Capital Management LLC now owns 148,786 shares of the financial services provider's stock valued at $2,842,000 after buying an additional 73,771 shares during the last quarter. Institutional investors and hedge funds own 66.67% of the company's stock.

Analyst Upgrades and Downgrades

SBFG has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of SB Financial Group in a report on Friday, June 26th. Wall Street Zen downgraded SB Financial Group from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, SB Financial Group presently has an average rating of "Moderate Buy".

SB Financial Group Stock Performance

NASDAQ:SBFG opened at $29.99 on Friday. The company has a market cap of $187.44 million, a price-to-earnings ratio of 11.19 and a beta of 0.20. SB Financial Group, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $30.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a fifty day moving average price of $26.78 and a 200-day moving average price of $23.41.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The financial services provider reported $0.73 earnings per share for the quarter. SB Financial Group had a return on equity of 11.82% and a net margin of 17.67%.The business had revenue of $18.00 million during the quarter. As a group, equities analysts anticipate that SB Financial Group, Inc. will post 2.56 EPS for the current fiscal year.

SB Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.1%. SB Financial Group's dividend payout ratio (DPR) is presently 23.88%.

SB Financial Group Profile

SB Financial Group, Inc NASDAQ: SBFG is the bank holding company for Star Financial Bank, a full-service community bank headquartered in Fort Wayne, Indiana. Through its wholly owned subsidiary, the company offers a broad portfolio of commercial and consumer banking products, including deposit accounts, lending solutions, mortgage origination and servicing, and cash management services.

In its commercial banking division, SB Financial Group provides working capital loans, equipment financing, commercial real estate lending and treasury management solutions designed for small- and mid-sized businesses.

Want to see what other hedge funds are holding SBFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SB Financial Group, Inc. (NASDAQ:SBFG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source