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

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) announced a quarterly dividend on Wednesday, July 16th, Wall Street Journal reports. Shareholders of record on Friday, August 15th will be given a dividend of 0.15 per share by the financial services provider on Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Friday, August 15th.

SB Financial Group has a dividend payout ratio of 27.1% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

NASDAQ SBFG traded down $0.07 on Friday, reaching $19.73. 13,235 shares of the stock were exchanged, compared to its average volume of 24,937. SB Financial Group has a one year low of $14.24 and a one year high of $24.48. The firm has a market capitalization of $128.84 million, a PE ratio of 10.78 and a beta of 0.25. The company's 50-day simple moving average is $18.85 and its two-hundred day simple moving average is $19.93. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. The firm had revenue of $17.02 million for the quarter, compared to analysts' expectations of $11.80 million. SB Financial Group had a net margin of 13.78% and a return on equity of 9.63%. Analysts expect that SB Financial Group will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of SB Financial Group from a "hold" rating to a "buy" rating in a research report on Saturday.

Insider Activity

In related news, Director Timothy L. Claxton acquired 2,000 shares of SB Financial Group stock in a transaction dated Monday, June 23rd. The shares were purchased at an average price of $17.64 per share, for a total transaction of $35,280.00. Following the completion of the transaction, the director directly owned 10,127 shares in the company, valued at approximately $178,640.28. This represents a 24.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SB Financial Group

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC increased its position in SB Financial Group by 56.0% in the first quarter. Acadian Asset Management LLC now owns 5,761 shares of the financial services provider's stock worth $119,000 after purchasing an additional 2,068 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in SB Financial Group in the first quarter worth $350,000. Jane Street Group LLC increased its position in SB Financial Group by 123.0% in the first quarter. Jane Street Group LLC now owns 22,159 shares of the financial services provider's stock worth $461,000 after purchasing an additional 12,224 shares during the last quarter. Finally, Empowered Funds LLC increased its position in SB Financial Group by 7.1% in the first quarter. Empowered Funds LLC now owns 42,469 shares of the financial services provider's stock worth $884,000 after purchasing an additional 2,832 shares during the last quarter. Institutional investors own 66.67% of the company's stock.

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.