SB Financial Group, Inc. (NASDAQ:SBFG) Raises Dividend to $0.15 Per Share

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) announced a quarterly dividend on Wednesday, April 16th, NASDAQ Dividends reports. Stockholders of record on Friday, May 16th will be paid a dividend of 0.15 per share by the financial services provider on Friday, May 30th. This represents a $0.60 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, May 16th. This is a 3.4% increase from SB Financial Group's previous quarterly dividend of $0.15.

SB Financial Group has increased its dividend payment by an average of 10.2% 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 27.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect SB Financial Group to earn $2.18 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 27.5%.

SB Financial Group Stock Up 0.9%

Shares of SBFG stock opened at $19.75 on Wednesday. SB Financial Group 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 0.41, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a fifty day moving average price of $19.54 and a 200 day moving average price of $20.62. The stock has a market cap of $128.99 million, a P/E ratio of 11.48 and a beta of 0.29.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $15.39 million during the quarter, compared to analyst estimates of $11.30 million. SB Financial Group had a net margin of 14.10% and a return on equity of 8.98%. Analysts predict that SB Financial Group will post 2 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised SB Financial Group from a "hold" rating to a "buy" rating in a report on Monday, May 5th.

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.

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