SB Financial Group (NASDAQ:SBFG) Shares Pass Below 200 Day Moving Average - What's Next?

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.62 and traded as low as $19.51. SB Financial Group shares last traded at $19.69, with a volume of 19,813 shares traded.

Wall Street Analyst Weigh In

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

SB Financial Group Stock Up 0.7%

The company has a market cap of $126.64 million, a price-to-earnings ratio of 11.27 and a beta of 0.29. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The firm's fifty day moving average price is $19.54 and its 200-day moving average price is $20.66.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. SB Financial Group had a net margin of 14.10% and a return on equity of 8.98%. The company had revenue of $15.39 million during the quarter, compared to analyst estimates of $11.30 million. Sell-side analysts predict that SB Financial Group, Inc. will post 2 earnings per share for the current year.

SB Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 16th. This is a positive change from SB Financial Group's previous quarterly dividend of $0.15. This represents a $0.60 dividend on an annualized basis and a yield of 3.09%. SB Financial Group's dividend payout ratio is presently 35.29%.

Institutional Trading of SB Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of SB Financial Group in the 4th quarter valued at about $62,000. Acadian Asset Management LLC raised its stake in shares of SB Financial Group by 56.0% in the 1st 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 during the period. Jane Street Group LLC acquired a new stake in shares of SB Financial Group in the 4th quarter valued at about $208,000. Goldman Sachs Group Inc. acquired a new stake in shares of SB Financial Group in the 1st quarter valued at about $350,000. Finally, Northern Trust Corp raised its stake in shares of SB Financial Group by 41.5% in the 4th quarter. Northern Trust Corp now owns 25,108 shares of the financial services provider's stock valued at $525,000 after purchasing an additional 7,370 shares during the period. Institutional investors and hedge funds 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.