SB Financial Group (NASDAQ:SBFG) Shares Pass Above 50-Day Moving Average - What's Next?

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) crossed 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 traded.

Analyst Ratings Changes

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

SB Financial Group Stock Performance

The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The stock's 50-day moving average is $18.84 and its 200-day moving average is $19.97. The stock has a market cap of $129.88 million, a price-to-earnings ratio of 11.70 and a beta of 0.25.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $15.39 million for the quarter, compared to analysts' expectations of $11.30 million. SB Financial Group had a return on equity of 9.23% and a net margin of 13.47%. On average, analysts expect that SB Financial Group, Inc. will post 2 EPS for the current year.

Insider Buying and Selling

In other news, Director Timothy L. Claxton purchased 2,000 shares of SB Financial Group stock in a transaction dated Monday, June 23rd. The stock was acquired at an average cost of $17.64 per share, for a total transaction of $35,280.00. Following the acquisition, the director directly owned 10,127 shares in the company, valued at $178,640.28. This represents a 24.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.71% of the company's stock.

Institutional Trading of SB Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of SBFG. Dimensional Fund Advisors LP boosted its stake in SB Financial Group by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 164,832 shares of the financial services provider's stock worth $3,447,000 after purchasing an additional 5,137 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in SB Financial Group by 2.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 75,127 shares of the financial services provider's stock worth $1,571,000 after purchasing an additional 1,875 shares in the last quarter. Geode Capital Management LLC boosted its stake in SB Financial Group by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 71,749 shares of the financial services provider's stock worth $1,501,000 after purchasing an additional 673 shares in the last quarter. Empowered Funds LLC boosted its stake in SB Financial Group by 7.1% in the first quarter. Empowered Funds LLC now owns 42,469 shares of the financial services provider's stock worth $884,000 after purchasing an additional 2,832 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of SB Financial Group by 189.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 34,114 shares of the financial services provider's stock valued at $713,000 after acquiring an additional 22,321 shares during the period. 66.67% of the stock is currently 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.