SB Financial Group, Inc. (NASDAQ:SBFG) to Issue $0.15 Quarterly Dividend

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) announced a quarterly dividend on Wednesday, July 16th, Wall Street Journal reports. Investors of record on Friday, August 15th will be paid 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 dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, August 15th.

SB Financial Group has a payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. 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

Shares of SBFG traded down $0.21 on Friday, reaching $19.60. 5,094 shares of the company's stock traded hands, compared to its average volume of 26,650. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The stock has a market cap of $127.96 million, a PE ratio of 11.53 and a beta of 0.25. The stock's 50 day simple moving average is $18.84 and its two-hundred day simple moving average is $19.96. SB Financial Group has a 52-week low of $14.24 and a 52-week high of $24.48.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.04. SB Financial Group had a return on equity of 9.23% and a net margin of 13.47%. The firm had revenue of $17.02 million during the quarter, compared to analyst estimates of $11.80 million. On average, analysts forecast that SB Financial Group will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity

In other SB Financial Group news, Director Timothy L. Claxton acquired 2,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were bought 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 owned 10,127 shares of the company's stock, valued at approximately $178,640.28. This represents a 24.61% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.71% of the company's stock.

Institutional Investors Weigh In On SB Financial Group

A number of large investors have recently added to or reduced their stakes in SBFG. Acadian Asset Management LLC raised its position in SB Financial Group by 56.0% during the first quarter. Acadian Asset Management LLC now owns 5,761 shares of the financial services provider's stock valued at $119,000 after purchasing an additional 2,068 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in SB Financial Group during the first quarter valued at about $350,000. Jane Street Group LLC raised its position in SB Financial Group by 123.0% during the first quarter. Jane Street Group LLC now owns 22,159 shares of the financial services provider's stock valued at $461,000 after purchasing an additional 12,224 shares in the last quarter. Finally, Empowered Funds LLC raised its position in SB Financial Group by 7.1% during the first quarter. Empowered Funds LLC now owns 42,469 shares of the financial services provider's stock valued at $884,000 after purchasing an additional 2,832 shares in the last quarter. Hedge funds and other institutional investors own 66.67% of the company's stock.

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.