SB Financial Group (NASDAQ:SBFG) Share Price Crosses Below Fifty Day Moving Average - Here's Why

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report)'s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $18.90 and traded as low as $18.00. SB Financial Group shares last traded at $19.10, with a volume of 81,979 shares traded.

Analyst Ratings Changes

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 Performance

The stock's 50 day moving average price is $18.87 and its 200 day moving average price is $20.11. The company has a market cap of $125.57 million, a price-to-earnings ratio of 11.31 and a beta of 0.25. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $0.42 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $11.30 million. On average, analysts expect that SB Financial Group, Inc. will post 2 EPS for the current fiscal year.

SB Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors 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 3.12%. 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 payout ratio is 35.29%.

Insiders Place Their Bets

In other news, Director Timothy L. Claxton bought 2,000 shares of SB Financial Group stock in a transaction on Monday, June 23rd. The shares were bought at an average price of $17.64 per share, with a total value of $35,280.00. Following the acquisition, the director directly owned 10,127 shares in the company, valued at approximately $178,640.28. This represents a 24.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.71% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SB Financial Group

Several large investors have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its position in SB Financial Group by 189.3% in the 4th 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. Goldman Sachs Group Inc. acquired a new stake in shares of SB Financial Group in the first quarter valued at approximately $350,000. Jane Street Group LLC raised its holdings in shares of SB Financial Group by 123.0% during the first quarter. Jane Street Group LLC now owns 22,159 shares of the financial services provider's stock valued at $461,000 after buying an additional 12,224 shares during the last quarter. Northern Trust Corp boosted its position in shares of SB Financial Group by 41.5% during the fourth quarter. Northern Trust Corp now owns 25,108 shares of the financial services provider's stock worth $525,000 after buying an additional 7,370 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in SB Financial Group by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 164,832 shares of the financial services provider's stock valued at $3,447,000 after acquiring an additional 5,137 shares during the period. 66.67% of the stock is currently owned by institutional investors.

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.