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

Key Points

• SB Financial Group's shares crossed below its 200‑day moving average of $21.22, trading as low as $21.15 and last at $21.53 on volume of 18,733 shares.
• The company beat quarterly estimates with EPS $0.63 vs. $0.60 and revenue $17.42M vs. $12.6M, and declared a quarterly dividend of $0.16 (annualized $0.64, ~3.0% yield; ex‑dividend May 15).
• Wall Street Zen downgraded SBFG from a Buy to a Hold, though the consensus rating remains a Moderate Buy (one Buy, one Hold).

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.22 and traded as low as $21.15. SB Financial Group shares last traded at $21.53, with a volume of 18,733 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded SB Financial Group from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

SB Financial Group Trading Down 0.7%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $135.21 million, a PE ratio of 8.41 and a beta of 0.20. The stock has a 50-day moving average price of $21.05 and a two-hundred day moving average price of $21.22.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.03. SB Financial Group had a return on equity of 11.65% and a net margin of 17.22%.The company had revenue of $17.42 million for the quarter, compared to analysts' expectations of $12.60 million. As a group, equities analysts forecast that SB Financial Group, Inc. will post 2.47 earnings per share for the current year.

SB Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.64 dividend on an annualized basis and a yield of 3.0%. This is a boost from SB Financial Group's previous quarterly dividend of $0.16. SB Financial Group's payout ratio is presently 24.22%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SBFG. BNP Paribas Financial Markets lifted its holdings in SB Financial Group by 131.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider's stock worth $35,000 after purchasing an additional 1,016 shares in the last quarter. Bank of America Corp DE lifted its holdings in SB Financial Group by 4,732.7% in the 2nd quarter. Bank of America Corp DE now owns 2,658 shares of the financial services provider's stock worth $51,000 after purchasing an additional 2,603 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in SB Financial Group by 23,475.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,829 shares of the financial services provider's stock worth $54,000 after purchasing an additional 2,817 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in SB Financial Group by 8,594.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,956 shares of the financial services provider's stock worth $57,000 after purchasing an additional 2,922 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in SB Financial Group in the 2nd quarter worth approximately $62,000. 66.67% of the stock is owned by hedge funds and other institutional investors.

About SB Financial Group

SB Financial Group, Inc NASDAQ: SBFG is the bank holding company for Star Financial Bank, a full-service community bank headquartered in Fort Wayne, Indiana. Through its wholly owned subsidiary, the company offers a broad portfolio of commercial and consumer banking products, including deposit accounts, lending solutions, mortgage origination and servicing, and cash management services.

In its commercial banking division, SB Financial Group provides working capital loans, equipment financing, commercial real estate lending and treasury management solutions designed for small- and mid-sized businesses.

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