SB Financial Group (NASDAQ:SBFG) Rating Lowered to Hold at Zacks Research

Key Points

• SB Financial Group's rating has been downgraded from a "strong-buy" to a "hold" by Zacks Research.
• Wall Street Zen has upgraded the stock from a "hold" to a "buy" rating, indicating mixed analyst sentiments.
• The company reported earnings of $0.58 per share, exceeding analysts' expectations and showing a revenue of $17.02 million for the quarter.

SB Financial Group (NASDAQ:SBFG - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Wall Street Zen raised SB Financial Group from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

SB Financial Group Price Performance

SBFG opened at $19.10 on Tuesday. SB Financial Group has a 12-month low of $17.10 and a 12-month high of $24.48. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The business's fifty day simple moving average is $20.64 and its 200-day simple moving average is $19.69. The company has a market capitalization of $120.90 million, a price-to-earnings ratio of 10.44 and a beta of 0.28.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.04. SB Financial Group had a return on equity of 9.57% and a net margin of 13.78%.The company had revenue of $17.02 million for the quarter, compared to the consensus estimate of $11.80 million. On average, equities research analysts anticipate that SB Financial Group will post 2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SB Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in SB Financial Group by 4,732.7% in the second quarter. Bank of America Corp DE now owns 2,658 shares of the financial services provider's stock valued at $51,000 after buying an additional 2,603 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of SB Financial Group by 23,475.0% in the second quarter. JPMorgan Chase & Co. now owns 2,829 shares of the financial services provider's stock worth $54,000 after purchasing an additional 2,817 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of SB Financial Group in the second quarter worth about $62,000. New York State Common Retirement Fund purchased a new position in shares of SB Financial Group in the second quarter worth about $107,000. Finally, Acadian Asset Management LLC raised its stake in shares of 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. 66.67% of the stock is currently owned by hedge funds and other institutional investors.

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.

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