SB Financial Group, Inc. (NASDAQ:SBFG) Declares $0.16 Quarterly Dividend

Key Points

• SB Financial Group declared a quarterly dividend of $0.16 per share, payable August 28 to shareholders of record as of August 14. The dividend yields approximately 2.3% annually, and the company has increased its payout for 12 consecutive years.
• The dividend appears well covered, with a current payout ratio of 29.0% and an expected future payout ratio of 24.6% based on projected earnings.
• SBFG shares rose 0.4% to $27.36, near their 52-week high of $27.68. The company reported quarterly EPS of $0.73 on revenue of $18 million, with an 11.95% return on equity and a 17.67% net margin.

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) announced a quarterly dividend on Wednesday, July 15th. Investors of record on Friday, August 14th will be paid a dividend of 0.16 per share by the financial services provider on Friday, August 28th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th.

SB Financial Group has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. SB Financial Group has a payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect SB Financial Group to earn $2.60 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 24.6%.

SB Financial Group Trading Up 0.4%

SBFG stock traded up $0.12 during midday trading on Wednesday, hitting $27.36. 1,976 shares of the company's stock were exchanged, compared to its average volume of 21,610. The stock's fifty day moving average price is $25.06 and its 200-day moving average price is $22.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $171.01 million, a PE ratio of 10.21 and a beta of 0.19. SB Financial Group has a one year low of $18.16 and a one year high of $27.68.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The financial services provider reported $0.73 earnings per share (EPS) for the quarter. The company had revenue of $18.00 million during the quarter. SB Financial Group had a return on equity of 11.95% and a net margin of 17.67%. Research analysts predict that SB Financial Group will post 2.56 earnings per share for the current fiscal year.

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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