SB Financial Group (NASDAQ:SBFG) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded SB Financial Group from “Buy” to “Hold,” while Weiss Ratings maintained a “Buy” rating. The stock’s overall consensus rating remains “Moderate Buy.”
• SB Financial Group reported quarterly EPS of $0.73 on $18.0 million in revenue, with a 17.67% net margin and 11.82% return on equity.
• Institutional investors and hedge funds own approximately 66.67% of the company, and the stock recently traded at $27.24—near its one-year high of $28.38.

SB Financial Group (NASDAQ:SBFG - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Separately, Weiss Ratings restated a "buy (b)" rating on shares of SB Financial Group in a research note on Friday, June 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

SB Financial Group Trading Down 0.4%

Shares of NASDAQ:SBFG opened at $27.24 on Friday. The company's 50-day moving average price is $25.41 and its two-hundred day moving average price is $22.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.95 and a quick ratio of 0.94. SB Financial Group has a one year low of $18.16 and a one year high of $28.38. The stock has a market capitalization of $170.25 million, a PE ratio of 10.16 and a beta of 0.19.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The financial services provider reported $0.73 EPS for the quarter. The company had revenue of $18.00 million during the quarter. SB Financial Group had a net margin of 17.67% and a return on equity of 11.82%. On average, equities analysts forecast that SB Financial Group will post 2.56 EPS for the current fiscal year.

Hedge Funds Weigh In On SB Financial Group

A number of institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in shares of SB Financial Group by 131.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider's stock worth $35,000 after acquiring an additional 1,016 shares during the period. Bank of America Corp DE increased its holdings in shares of SB Financial Group by 10.8% during the 1st quarter. Bank of America Corp DE now owns 19,633 shares of the financial services provider's stock worth $412,000 after acquiring an additional 1,908 shares during the last quarter. BlackRock Inc. bought a new stake in SB Financial Group in the 2nd quarter valued at $4,013,000. Hsbc Holdings PLC bought a new stake in SB Financial Group in the 2nd quarter valued at $928,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in SB Financial Group during the 2nd quarter valued at $11,824,000. Institutional investors and hedge funds own 66.67% of the company's stock.

SB Financial Group Company Profile

SB Financial Group, Inc NASDAQ: SBFG is the bank holding company for Star Financial Bank, a full-service community bank headquartered in Fort Wayne, Indiana. Through its wholly owned subsidiary, the company offers a broad portfolio of commercial and consumer banking products, including deposit accounts, lending solutions, mortgage origination and servicing, and cash management services.

In its commercial banking division, SB Financial Group provides working capital loans, equipment financing, commercial real estate lending and treasury management solutions designed for small- and mid-sized businesses.

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