SB Financial Group, Inc. (NASDAQ:SBFG) Short Interest Update

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 11,800 shares, a drop of 15.1% from the April 30th total of 13,900 shares. Based on an average trading volume of 21,300 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company's stock are sold short.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp bought a new position in SB Financial Group in the fourth quarter valued at $62,000. Acadian Asset Management LLC grew its position in shares of 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 acquiring an additional 2,068 shares during the period. Jane Street Group LLC bought a new position in shares of SB Financial Group in the 4th quarter valued at about $208,000. Goldman Sachs Group Inc. bought a new position in shares of SB Financial Group in the 1st quarter valued at about $350,000. Finally, Northern Trust Corp grew its position in shares of SB Financial Group by 41.5% in the 4th quarter. Northern Trust Corp now owns 25,108 shares of the financial services provider's stock valued at $525,000 after acquiring an additional 7,370 shares during the period. Institutional investors own 66.67% of the company's stock.

SB Financial Group Stock Up 1.1%

Shares of NASDAQ:SBFG traded up $0.19 during midday trading on Friday, reaching $18.23. 20,445 shares of the company were exchanged, compared to its average volume of 16,381. SB Financial Group has a fifty-two week low of $13.20 and a fifty-two week high of $24.48. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $19.17 and a two-hundred day simple moving average of $20.59. The firm has a market cap of $119.06 million, a PE ratio of 10.60 and a beta of 0.27.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The business had revenue of $15.39 million during the quarter, compared to the consensus estimate of $11.30 million. SB Financial Group had a net margin of 14.10% and a return on equity of 8.98%. As a group, sell-side analysts forecast that SB Financial Group will post 2 earnings per share for the current year.

SB Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a $0.15 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.60 dividend on an annualized basis and a yield of 3.29%. This is an increase from SB Financial Group's previous quarterly dividend of $0.15. SB Financial Group's dividend payout ratio (DPR) is 35.29%.

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.