SB Financial Group (NASDAQ:SBFG) Stock Crosses Below 200 Day Moving Average - Here's Why

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.65 and traded as low as $19.36. SB Financial Group shares last traded at $19.60, with a volume of 24,475 shares changing hands.

Analysts Set New Price Targets

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

SB Financial Group Price Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 0.92 and a quick ratio of 0.91. The company's 50-day simple moving average is $19.33 and its 200-day simple moving average is $20.64. The stock has a market capitalization of $120.76 million, a P/E ratio of 10.75 and a beta of 0.29.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last posted its quarterly 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 net margin of 14.10% and a return on equity of 8.98%. The firm had revenue of $15.39 million for the quarter, compared to analyst estimates of $11.30 million. As a group, sell-side analysts expect that SB Financial Group, Inc. will post 2 EPS for the current fiscal year.

SB Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.15 per share. This is a positive change from SB Financial Group's previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Friday, May 16th. SB Financial Group's dividend payout ratio is 35.29%.

Institutional Trading of SB Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBFG. Jones Financial Companies Lllp acquired a new position in shares of SB Financial Group in the fourth quarter valued at $62,000. Acadian Asset Management LLC increased its holdings 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 valued at $119,000 after purchasing an additional 2,068 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of SB Financial Group in the fourth quarter valued at $208,000. Goldman Sachs Group Inc. acquired a new position in shares of SB Financial Group in the first quarter valued at $350,000. Finally, Northern Trust Corp increased its holdings in shares of SB Financial Group by 41.5% in the fourth 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 last quarter. 66.67% of the stock is owned by 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.