SB Financial Group (NASDAQ:SBFG) Share Price Passes Above 50 Day Moving Average - Here's Why

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report)'s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $18.86 and traded as high as $19.87. SB Financial Group shares last traded at $19.70, with a volume of 17,970 shares changing hands.

Wall Street Analysts Forecast Growth

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

SB Financial Group Stock Up 3.1%

The firm has a market cap of $128.64 million, a P/E ratio of 11.59 and a beta of 0.25. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average of $18.86 and a 200-day moving average of $20.07.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. SB Financial Group had a return on equity of 9.23% and a net margin of 13.47%. The business had revenue of $15.39 million for the quarter, compared to analyst estimates of $11.30 million. On average, equities research analysts anticipate 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 was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Friday, May 16th. This is a positive change from SB Financial Group's previous quarterly dividend of $0.15. SB Financial Group's dividend payout ratio is presently 35.29%.

Insiders Place Their Bets

In other SB Financial Group news, Director Timothy L. Claxton purchased 2,000 shares of the stock in a transaction on Monday, June 23rd. The shares were purchased at an average price of $17.64 per share, with a total value of $35,280.00. Following the completion of the transaction, the director directly 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 Securities & Exchange Commission, which is accessible through the SEC website. 5.71% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SB Financial Group

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in SB Financial Group by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 164,832 shares of the financial services provider's stock worth $3,447,000 after buying an additional 5,137 shares during the last quarter. Bridgeway Capital Management LLC increased its position in SB Financial Group by 2.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 75,127 shares of the financial services provider's stock worth $1,571,000 after buying an additional 1,875 shares during the last quarter. Geode Capital Management LLC increased its position in SB Financial Group by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 71,749 shares of the financial services provider's stock worth $1,501,000 after buying an additional 673 shares during the last quarter. Empowered Funds LLC increased 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 worth $884,000 after buying an additional 2,832 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in shares of SB Financial Group by 189.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 34,114 shares of the financial services provider's stock valued at $713,000 after purchasing an additional 22,321 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.