Empowered Funds LLC Takes $1.16 Million Position in SB Financial Group, Inc. $SBFG

Key Points

• Empowered Funds LLC acquired 46,021 shares of SB Financial Group in the second quarter, worth approximately $1.16 million and representing about 0.74% of the company. Institutional investors collectively own 66.67% of SBFG.
• SB Financial Group reported quarterly EPS of $0.73 on $18.0 million in revenue, with an 11.82% return on equity and a 17.67% net margin. Analysts project full-year EPS of $2.56.
• The company declared a quarterly dividend of $0.16, equivalent to $0.64 annually and a 2.1% yield. SBFG shares recently traded near $29.99, close to their 52-week high, while analyst sentiment stands at “Moderate Buy.”

Empowered Funds LLC acquired a new stake in SB Financial Group, Inc. (NASDAQ:SBFG - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 46,021 shares of the financial services provider's stock, valued at approximately $1,163,000. Empowered Funds LLC owned about 0.74% of SB Financial Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in SB Financial Group by 131.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider's stock worth $35,000 after purchasing an additional 1,016 shares during the period. Bank of America Corp DE boosted its holdings in shares of SB Financial Group by 4,732.7% in the 2nd quarter. Bank of America Corp DE now owns 2,658 shares of the financial services provider's stock valued at $51,000 after buying an additional 2,603 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in SB Financial Group by 23,475.0% during the second quarter. JPMorgan Chase & Co. now owns 2,829 shares of the financial services provider's stock worth $54,000 after buying an additional 2,817 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in SB Financial Group during the second quarter worth about $62,000. Finally, Deutsche Bank AG grew its stake in shares of SB Financial Group by 87.3% in the fourth quarter. Deutsche Bank AG now owns 4,141 shares of the financial services provider's stock valued at $92,000 after acquiring an additional 1,930 shares in the last quarter. 66.67% of the stock is currently owned by institutional investors.

SB Financial Group Trading Up 2.6%

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

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

SB Financial Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SBFG shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SB Financial Group in a report on Friday, June 26th. Wall Street Zen lowered shares of SB Financial Group from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

SB Financial Group Company 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.

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