Goldman Sachs Group Inc. Buys Shares of 16,822 SB Financial Group, Inc. $SBFG

Key Points

• Goldman Sachs Group Inc. acquired a new stake in SB Financial Group, purchasing 16,822 shares valued at approximately $350,000, representing about 0.26% of the company.
• SB Financial Group recently reported an earnings per share of $0.58 for the last quarter, exceeding analyst expectations of $0.54, with revenues reaching $17.02 million.
• The company has announced a quarterly dividend of $0.15 per share, yielding 3.0%, with a current dividend payout ratio of 32.79%.

Goldman Sachs Group Inc. bought a new stake in shares of SB Financial Group, Inc. (NASDAQ:SBFG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 16,822 shares of the financial services provider's stock, valued at approximately $350,000. Goldman Sachs Group Inc. owned about 0.26% of SB Financial Group at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Acadian Asset Management LLC boosted its holdings in shares of SB Financial Group by 56.0% during the first quarter. Acadian Asset Management LLC now owns 5,761 shares of the financial services provider's stock valued at $119,000 after acquiring an additional 2,068 shares during the period. Jane Street Group LLC lifted its holdings in SB Financial Group by 123.0% in the 1st quarter. Jane Street Group LLC now owns 22,159 shares of the financial services provider's stock valued at $461,000 after acquiring an additional 12,224 shares during the last quarter. Empowered Funds LLC lifted its holdings in SB Financial Group by 7.1% in the 1st quarter. Empowered Funds LLC now owns 42,469 shares of the financial services provider's stock valued at $884,000 after acquiring an additional 2,832 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in SB Financial Group by 41.5% in the 4th quarter. Northern Trust Corp now owns 25,108 shares of the financial services provider's stock valued at $525,000 after acquiring an additional 7,370 shares during the last quarter. Institutional investors own 66.67% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded SB Financial Group from a "hold" rating to a "buy" rating in a report on Saturday, July 26th.

SB Financial Group Stock Performance

Shares of NASDAQ SBFG opened at $20.28 on Friday. The business has a fifty day simple moving average of $20.66 and a 200 day simple moving average of $19.69. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $128.37 million, a price-to-earnings ratio of 11.08 and a beta of 0.31. SB Financial Group, Inc. has a one year low of $17.10 and a one year high of $24.48.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last issued its earnings results on Thursday, July 24th. The financial services provider reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.04. The business had revenue of $17.02 million during the quarter, compared to analyst estimates of $11.80 million. SB Financial Group had a return on equity of 9.57% and a net margin of 13.78%. Sell-side analysts expect that SB Financial Group, Inc. will post 2 EPS for the current year.

SB Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, August 15th. SB Financial Group's dividend payout ratio is currently 32.79%.

About SB Financial Group

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.

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