SB Financial Group, Inc. (NASDAQ:SBFG) Plans Quarterly Dividend of $0.15

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) declared a quarterly dividend on Wednesday, April 16th, NASDAQ Dividends reports. Stockholders of record on Friday, May 16th will be given a dividend of 0.15 per share by the financial services provider on Friday, May 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.05%. 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 raised its dividend payment by an average of 10.2% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. SB Financial Group has a payout ratio of 27.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 2.0%

NASDAQ SBFG traded up $0.39 on Monday, hitting $19.69. 12,773 shares of the stock were exchanged, compared to its average volume of 15,400. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.92. SB Financial Group has a 52-week low of $13.20 and a 52-week high of $24.48. The firm has a market capitalization of $128.56 million, a P/E ratio of 11.44 and a beta of 0.29. The stock has a fifty day moving average price of $19.55 and a two-hundred day moving average price of $20.63.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last announced 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. 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%. Research analysts forecast that SB Financial Group will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On SB Financial Group

An institutional investor recently raised its position in SB Financial Group stock. Empowered Funds LLC grew its position in SB Financial Group, Inc. (NASDAQ:SBFG - Free Report) by 7.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,469 shares of the financial services provider's stock after buying an additional 2,832 shares during the quarter. Empowered Funds LLC owned 0.65% of SB Financial Group worth $884,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 66.67% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded SB Financial Group from a "hold" rating to a "buy" rating in a research 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.