SB Financial Group (NASDAQ:SBFG) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• SB Financial Group's stock price has dropped below its 200-day moving average of $19.95, trading at $19.73.
• Wall Street analysts recently upgraded SB Financial Group from a "hold" to a "buy" rating, signaling potential positive market sentiment.
• The company announced a quarterly dividend of $0.15 per share, which reflects an annualized yield of 3.04% and is set to be paid on August 29th.

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.95 and traded as low as $19.31. SB Financial Group shares last traded at $19.73, with a volume of 13,235 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of SB Financial Group from a "hold" rating to a "buy" rating in a research note on Saturday.

SB Financial Group Stock Down 0.3%

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 business has a 50-day simple moving average of $18.85 and a two-hundred day simple moving average of $19.93. The company has a market cap of $128.67 million, a price-to-earnings ratio of 10.77 and a beta of 0.25.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.54 by $0.04. SB Financial Group had a net margin of 13.78% and a return on equity of 9.63%. The firm had revenue of $17.02 million for the quarter, compared to the consensus estimate of $11.80 million. As a group, equities analysts forecast that SB Financial Group, Inc. will post 2 earnings per share for the current fiscal year.

SB Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.04%. SB Financial Group's dividend payout ratio (DPR) is 32.79%.

Insiders Place Their Bets

In other news, Director Timothy L. Claxton acquired 2,000 shares of the business's stock in a transaction on Monday, June 23rd. The shares were acquired at an average price of $17.64 per share, for a total transaction of $35,280.00. Following the completion of the transaction, the director directly owned 10,127 shares of the company's stock, valued at approximately $178,640.28. The trade was a 24.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.71% of the company's stock.

Institutional Trading of SB Financial Group

Several institutional investors have recently made changes to their positions in SBFG. Acadian Asset Management LLC grew its stake in SB Financial Group by 56.0% during the 1st quarter. Acadian Asset Management LLC now owns 5,761 shares of the financial services provider's stock worth $119,000 after buying an additional 2,068 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of SB Financial Group during the 4th quarter worth about $208,000. Goldman Sachs Group Inc. bought a new position in shares of SB Financial Group during the first quarter worth approximately $350,000. Northern Trust Corp boosted its position in SB Financial Group by 41.5% during 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 period. Finally, O Shaughnessy Asset Management LLC raised its holdings in SB Financial Group by 189.3% during 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 during the last quarter. Hedge funds and other institutional investors own 66.67% of the company's stock.

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.