SB Financial Group (NASDAQ:SBFG) Stock Crosses Above 50-Day Moving Average - Here's What Happened

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report)'s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $18.84 and traded as high as $19.79. SB Financial Group shares last traded at $19.50, with a volume of 29,975 shares.

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 research note on Monday, May 5th.

SB Financial Group Price Performance

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 market cap of $129.88 million, a P/E ratio of 11.70 and a beta of 0.25. The business has a fifty day moving average of $18.84 and a 200 day moving average of $19.97.

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

Insider Buying and Selling at SB Financial Group

In related news, Director Timothy L. Claxton bought 2,000 shares of the business's stock in a transaction dated 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 purchase, the director owned 10,127 shares of the company's stock, 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 is available at the SEC website. Company insiders own 5.71% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its position in shares of SB Financial Group by 56.0% during the first quarter. Acadian Asset Management LLC now owns 5,761 shares of the financial services provider's stock worth $119,000 after acquiring an additional 2,068 shares during the last quarter. Jane Street Group LLC purchased a new position in SB Financial Group during the 4th quarter valued at about $208,000. Goldman Sachs Group Inc. purchased a new position in SB Financial Group during the 1st quarter valued at about $350,000. Northern Trust Corp grew its position in shares of SB Financial Group by 41.5% in the 4th 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 last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake 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 worth $713,000 after purchasing an additional 22,321 shares in the last quarter. Institutional investors own 66.67% of the company's stock.

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.