Insider Buying: SB Financial Group, Inc. (NASDAQ:SBFG) Director Acquires 2,000 Shares of Stock

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) Director Timothy L. Claxton acquired 2,000 shares of SB Financial Group stock in a transaction that occurred on Monday, June 23rd. The shares were purchased at an average cost of $17.64 per share, for a total transaction of $35,280.00. Following the purchase, the director now directly owns 10,127 shares in the company, valued at $178,640.28. The trade was a 24.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SB Financial Group Trading Up 1.6%

NASDAQ SBFG opened at $18.37 on Friday. SB Financial Group, Inc. has a one year low of $13.20 and a one year high of $24.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market cap of $119.96 million, a P/E ratio of 10.81 and a beta of 0.27. The stock's 50-day moving average is $18.89 and its 200-day moving average is $20.22.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. The business had revenue of $15.39 million during the quarter, compared to analysts' expectations of $11.30 million. SB Financial Group had a return on equity of 9.23% and a net margin of 13.47%. Sell-side analysts anticipate that SB Financial Group, Inc. will post 2 earnings per share for the current fiscal year.

SB Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a $0.15 dividend. This is a boost from SB Financial Group's previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Friday, May 16th. SB Financial Group's payout ratio is currently 35.29%.

Hedge Funds Weigh In On SB Financial Group

A number of large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in shares of SB Financial Group in the first quarter valued at about $350,000. Acadian Asset Management LLC raised its position in SB Financial Group by 56.0% in the 1st quarter. Acadian Asset Management LLC now owns 5,761 shares of the financial services provider's stock valued at $119,000 after buying an additional 2,068 shares during the last quarter. Jane Street Group LLC raised its position 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 buying an additional 12,224 shares during the last quarter. Empowered Funds LLC lifted its stake 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 in the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in SB Financial Group by 2.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 75,127 shares of the financial services provider's stock worth $1,571,000 after acquiring an additional 1,875 shares during the last quarter. Institutional investors own 66.67% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of SB Financial Group from a "hold" rating to a "buy" rating in a report on Monday, May 5th.

SB Financial Group Company Profile

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.