SB Financial Group, Inc. (NASDAQ:SBFG) Announces Dividend Increase - $0.16 Per Share

Key Points

• SB Financial Group announced a quarterly dividend of $0.16 per share, payable May 29 to shareholders of record May 15 (ex-dividend May 15), with a reported yield of ~2.9% and described as a 3.2% increase; the company has raised its dividend every year for 12 years and has a payout ratio of 28.1%, indicating the dividend is covered by earnings.
• Quarterly results beat expectations and the stock rose: SBFG reported $0.63 EPS versus $0.60 expected and $17.42M revenue versus $12.6M expected, and shares traded up about 2.9% to $21.93; the company has a market cap of ~$138.2M and a P/E of ~9.97.

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) announced a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Friday, May 15th will be paid a dividend of 0.16 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, May 15th. This is a 3.2% increase from SB Financial Group's previous quarterly dividend of $0.16.

SB Financial Group has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. SB Financial Group has a payout ratio of 28.1% meaning its dividend is sufficiently covered by earnings. Analysts expect SB Financial Group to earn $2.58 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 24.0%.

SB Financial Group Trading Up 2.9%

NASDAQ:SBFG traded up $0.62 during mid-day trading on Friday, reaching $21.93. The company's stock had a trading volume of 1,377 shares, compared to its average volume of 10,817. The company's fifty day simple moving average is $20.98 and its two-hundred day simple moving average is $21.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.94 and a quick ratio of 0.94. SB Financial Group has a twelve month low of $17.10 and a twelve month high of $23.93. The stock has a market cap of $138.16 million, a P/E ratio of 9.97 and a beta of 0.21.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.03. The firm had revenue of $17.42 million for the quarter, compared to analyst estimates of $12.60 million. SB Financial Group had a return on equity of 10.88% and a net margin of 15.35%. On average, equities analysts predict that SB Financial Group will post 2.47 EPS for the current year.

Institutional Investors Weigh In On SB Financial Group

Several hedge funds have recently modified their holdings of SBFG. BNP Paribas Financial Markets raised its holdings in shares of SB Financial Group by 131.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider's stock valued at $35,000 after buying an additional 1,016 shares during the period. Bank of America Corp DE raised its holdings in shares of SB Financial Group by 4,732.7% during 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 period. JPMorgan Chase & Co. raised its holdings in shares of SB Financial Group by 23,475.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,829 shares of the financial services provider's stock valued at $54,000 after buying an additional 2,817 shares during the period. Farther Finance Advisors LLC grew its stake in SB Financial Group by 8,594.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,956 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 2,922 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in SB Financial Group during the 2nd quarter valued at approximately $62,000. 66.67% of the stock is currently owned by hedge funds and other institutional investors.

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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