Hsbc Holdings PLC Purchases Shares of 38,138 SB Financial Group, Inc. $SBFG

Key Points

• Hsbc Holdings PLC acquired 38,138 shares of SB Financial Group in the second quarter, valued at approximately $928,000 and representing about 0.61% of the company. Institutional investors and hedge funds 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’ consensus rating is “Moderate Buy,” with an expected full-year EPS of $2.56.
• SBFG shares opened at $27.79, near the company’s 52-week high of $28.47. The company also maintains a quarterly dividend of $0.16 per share, equivalent to a 2.3% yield and a $0.64 annualized payout.

Hsbc Holdings PLC acquired a new position in shares of SB Financial Group, Inc. (NASDAQ:SBFG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 38,138 shares of the financial services provider's stock, valued at approximately $928,000. Hsbc Holdings PLC owned about 0.61% of SB Financial Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new position in shares of SB Financial Group during the second quarter worth approximately $11,824,000. BlackRock Inc. bought a new stake in SB Financial Group in the 2nd quarter valued at $4,013,000. Pinnacle Holdings LLC bought a new stake in SB Financial Group in the 2nd quarter valued at $3,957,000. Geode Capital Management LLC grew its holdings in SB Financial Group by 98.3% in the 2nd 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in SB Financial Group in the 2nd quarter valued at $524,000. Institutional investors and hedge funds own 66.67% of the company's stock.

Wall Street Analyst Weigh In

SBFG has been the subject of a number of research 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 shares of SB Financial Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

SB Financial Group Stock Up 0.3%

NASDAQ SBFG opened at $27.79 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.29. The company has a market cap of $173.69 million, a price-to-earnings ratio of 10.37 and a beta of 0.20. The company has a 50 day moving average of $26.47 and a 200-day moving average of $23.25. SB Financial Group, Inc. has a 1-year low of $18.16 and a 1-year high of $28.47.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $18.00 million for the quarter. On average, equities research analysts expect that SB Financial Group, Inc. will post 2.56 earnings per share for the current fiscal year.

SB Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 14th. SB Financial Group's dividend payout ratio is 23.88%.

About SB Financial Group

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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