SB Financial Group, Inc. (NASDAQ:SBFG) Director Timothy L. Claxton Purchases 2,000 Shares

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) Director Timothy L. Claxton purchased 2,000 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was purchased at an average price of $17.64 per share, for a total transaction of $35,280.00. Following the transaction, the director now directly owns 10,127 shares in the company, valued at approximately $178,640.28. This trade represents a 24.61% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

SB Financial Group Stock Up 1.3%

Shares of SBFG traded up $0.23 during trading hours on Tuesday, hitting $17.70. The stock had a trading volume of 46,314 shares, compared to its average volume of 17,300. SB Financial Group, Inc. has a 1-year low of $13.20 and a 1-year high of $24.48. The firm has a market capitalization of $115.58 million, a P/E ratio of 10.41 and a beta of 0.27. The firm has a 50 day simple moving average of $18.93 and a 200-day simple moving average of $20.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.93 and a quick ratio of 0.92.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. SB Financial Group had a return on equity of 9.23% and a net margin of 13.47%. The firm had revenue of $15.39 million during the quarter, compared to the consensus estimate of $11.30 million. Sell-side analysts predict that SB Financial Group, Inc. will post 2 EPS for the current fiscal year.

SB Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.15 per share. This is an increase from SB Financial Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.60 annualized dividend and a yield of 3.39%. SB Financial Group's dividend payout ratio is presently 35.29%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new stake in shares of SB Financial Group in the 4th quarter worth about $62,000. 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 purchased a new stake in SB Financial Group in the 4th quarter valued at $208,000. Goldman Sachs Group Inc. bought a new stake in shares of SB Financial Group in the 1st quarter worth $350,000. Finally, Northern Trust Corp raised its holdings in shares of SB Financial Group by 41.5% in the fourth quarter. Northern Trust Corp now owns 25,108 shares of the financial services provider's stock valued at $525,000 after purchasing an additional 7,370 shares during the last quarter. 66.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen raised SB Financial Group from a "hold" rating to a "buy" rating in a research note 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.

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