SB Financial Group (NASDAQ:SBFG) Issues Earnings Results, Beats Estimates By $0.04 EPS

Key Points

• SB Financial Group reported a quarterly earnings of $0.58 EPS, exceeding the consensus estimate by $0.04 and generating $17.02 million in revenue, significantly above analyst expectations.
• The company declared a quarterly dividend of $0.15 per share, with a dividend yield of 3.04%, set to be distributed to investors on August 29th.
• Insider trading activity included Director Timothy L. Claxton purchasing 2,000 shares, indicating a 24.61% increase in his ownership stake in SB Financial Group.

SB Financial Group (NASDAQ:SBFG - Get Free Report) issued its earnings results on Thursday. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04, Zacks reports. SB Financial Group had a net margin of 13.78% and a return on equity of 9.63%. The firm had revenue of $17.02 million for the quarter, compared to the consensus estimate of $11.80 million.

SB Financial Group Stock Up 1.9%

SB Financial Group stock traded up $0.36 during midday trading on Wednesday, hitting $19.78. 5,307 shares of the company's stock were exchanged, compared to its average volume of 26,374. The company has a market cap of $129.20 million, a PE ratio of 10.82 and a beta of 0.25. The firm has a 50-day moving average of $18.85 and a two-hundred day moving average of $19.93. SB Financial Group has a 12 month low of $14.24 and a 12 month high of $24.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 0.93.

SB Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, August 15th. SB Financial Group's payout ratio is presently 32.79%.

Analyst Upgrades and Downgrades

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

Insider Activity at SB Financial Group

In other SB Financial Group news, Director Timothy L. Claxton purchased 2,000 shares of the business's 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 acquisition, the director owned 10,127 shares in the company, valued at $178,640.28. This represents a 24.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.71% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in shares of 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 worth $119,000 after buying an additional 2,068 shares during the period. Empowered Funds LLC lifted its holdings in shares of 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 worth $884,000 after purchasing an additional 2,832 shares during the period. Jane Street Group LLC raised 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 acquiring an additional 12,224 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of SB Financial Group in the first quarter valued at $350,000. Institutional investors and hedge funds 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.