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

Key Points

• SB Financial Group shares crossed above their 50-day moving average of $18.83, trading as high as $20.11, indicating a potential shift in momentum.
• Analyst ratings have improved, with Wall Street Zen upgrading the stock from "hold" to "buy" on July 26th.
• The company recently announced a $0.15 quarterly dividend with a yield of 3.0%, payable on August 29th to shareholders of record on August 15th.

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $18.83 and traded as high as $20.11. SB Financial Group shares last traded at $20.10, with a volume of 22,897 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded SB Financial Group from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th.

SB Financial Group Stock Down 1.1%

The company has a market capitalization of $131.19 million, a price-to-earnings ratio of 10.98 and a beta of 0.34. 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 fifty day simple moving average of $18.87 and a two-hundred day simple moving average of $19.91.

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

SB Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors 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 annualized dividend and a yield of 3.0%. SB Financial Group's payout ratio is 32.79%.

Insiders Place Their Bets

In other news, Director Timothy L. Claxton bought 2,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were acquired at an average price of $17.64 per share, with a total value of $35,280.00. Following the acquisition, the director 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 SEC, which is available through this link. 5.71% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SB Financial Group

Several large investors have recently added to or reduced their stakes in SBFG. Acadian Asset Management LLC raised its position 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 purchased a new stake in SB Financial Group during the fourth quarter worth about $208,000. Princeton Capital Management LLC acquired a new stake in SB Financial Group during the second quarter worth approximately $218,000. Goldman Sachs Group Inc. acquired a new position in shares of SB Financial Group in the 1st quarter valued at $350,000. Finally, Northern Trust Corp boosted its position in shares of 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 purchasing an additional 7,370 shares in the last quarter. Hedge funds and other 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.