SB Financial Group (NASDAQ:SBFG) Shares Cross Above 50 Day Moving Average - Time to Sell?

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Analyst Upgrades and Downgrades

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

SB Financial Group Stock Performance

The stock has a market cap of $123.48 million, a P/E ratio of 11.12 and a beta of 0.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a 50-day simple moving average of $18.85 and a 200-day simple moving average of $20.04.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. SB Financial Group had a net margin of 13.47% and a return on equity of 9.23%. The business had revenue of $15.39 million during the quarter, compared to the consensus estimate of $11.30 million. Research analysts forecast that SB Financial Group, Inc. will post 2 earnings per share for the current year.

SB Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.17%. This is an increase from SB Financial Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, May 16th. SB Financial Group's payout ratio is currently 35.29%.

Insider Transactions at SB Financial Group

In related news, Director Timothy L. Claxton purchased 2,000 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was purchased at an average cost of $17.64 per share, with a total value of $35,280.00. Following the completion of the purchase, the director owned 10,127 shares in the company, valued at approximately $178,640.28. This trade represents a 24.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.71% of the company's stock.

Institutional Trading of SB Financial Group

Several hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp bought a new stake in shares of SB Financial Group in the 4th quarter worth $62,000. Acadian Asset Management LLC raised its holdings 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 worth $119,000 after purchasing an additional 2,068 shares during the period. Jane Street Group LLC purchased a new stake in SB Financial Group in the fourth quarter worth $208,000. Goldman Sachs Group Inc. purchased a new stake in SB Financial Group during the first quarter valued at about $350,000. Finally, Northern Trust Corp lifted its stake in shares of SB Financial Group by 41.5% during the 4th quarter. Northern Trust Corp now owns 25,108 shares of the financial services provider's stock valued at $525,000 after buying an additional 7,370 shares in 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.