SB Financial Group, Inc. (NASDAQ:SBFG) Plans Dividend Increase - $0.14 Per Share

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Shareholders of record on Friday, May 10th will be paid a dividend of 0.14 per share by the financial services provider on Friday, May 24th. This represents a $0.56 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Thursday, May 9th. This is a positive change from SB Financial Group's previous quarterly dividend of $0.14.

SB Financial Group has increased its dividend payment by an average of 10.9% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. SB Financial Group has a dividend payout ratio of 37.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SB Financial Group to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 37.1%.

SB Financial Group Trading Up 0.1 %

SBFG stock traded up $0.01 during trading on Tuesday, hitting $13.51. The company had a trading volume of 8,370 shares, compared to its average volume of 3,045. The stock has a market cap of $91.73 million, a PE ratio of 7.71 and a beta of 0.68. The business has a 50-day moving average of $13.70 and a 200-day moving average of $14.20. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.83. SB Financial Group has a one year low of $11.82 and a one year high of $16.25.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of SB Financial Group in a research note on Tuesday, April 30th. They issued a "hold" rating on the stock.

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.