SB Financial Group (NASDAQ:SBFG) Stock Price Passes Below 50-Day Moving Average - Here's Why

Key Points

• SB Financial Group (NASDAQ:SBFG) shares slipped below their 50‑day moving average of $20.99, trading as low as $20.42 and last at $20.62 on a volume of 15,891 shares.
• Analyst sentiment has turned mixed-to-cautious: Zacks and Wall Street Zen downgraded to Hold while Weiss Ratings kept a Buy, leaving a MarketBeat consensus of Moderate Buy.
• Operationally, SBFG beat Q4 estimates (EPS $0.65 vs. $0.64; revenue $16.58M vs. $12.30M), has a PE of 9.37 and market cap ≈ $130M, and pays a quarterly dividend that annualizes to a 3.0% yield (DPR 28.18%).

Shares of SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.99 and traded as low as $20.42. SB Financial Group shares last traded at $20.62, with a volume of 15,891 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SBFG shares. Zacks Research downgraded shares of SB Financial Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 2nd. Weiss Ratings reissued a "buy (b-)" rating on shares of SB Financial Group in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded shares of SB Financial Group from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, SB Financial Group currently has a consensus rating of "Moderate Buy".

SB Financial Group Trading Up 0.7%

The firm has a market cap of $129.95 million, a PE ratio of 9.37 and a beta of 0.21. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.39. The company's 50 day moving average price is $20.99 and its two-hundred day moving average price is $20.93.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last released its earnings results on Friday, January 30th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. SB Financial Group had a return on equity of 10.88% and a net margin of 15.35%.The business had revenue of $16.58 million during the quarter, compared to the consensus estimate of $12.30 million. As a group, sell-side analysts forecast that SB Financial Group, Inc. will post 2 EPS for the current year.

SB Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, February 13th. SB Financial Group's dividend payout ratio (DPR) is 28.18%.

Institutional Trading of SB Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its position in shares of SB Financial Group by 131.1% during the third 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 during the last quarter. Bank of America Corp DE lifted its position in shares of SB Financial Group by 4,732.7% during the second 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 during the last quarter. JPMorgan Chase & Co. lifted its position in shares of SB Financial Group by 23,475.0% during the second 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 during the last quarter. Farther Finance Advisors LLC lifted its position in shares of SB Financial Group by 8,594.1% during the third 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of SB Financial Group during the second quarter worth $62,000. 66.67% of the stock is currently owned by institutional investors.

SB Financial Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.