Weiss Ratings Reaffirms "Buy (B-)" Rating for SB Financial Group (NASDAQ:SBFG)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for SB Financial Group (NASDAQ:SBFG), indicating confidence in the company's performance.
• SB Financial Group reported earnings per share of $0.58 for the last quarter, surpassing the consensus estimate by $0.04, with revenues reaching $17.02 million.
• Institutional investors hold 66.67% of SB Financial Group's shares, indicating strong institutional interest and support for the company's stock.

SB Financial Group (NASDAQ:SBFG - Get Free Report)'s stock had its "buy (b-)" rating reissued by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other equities research analysts also recently issued reports about the company. Wall Street Zen raised SB Financial Group from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Zacks Research downgraded SB Financial Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 30th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

SB Financial Group Price Performance

SBFG stock opened at $19.20 on Wednesday. The company has a market capitalization of $121.56 million, a P/E ratio of 10.49 and a beta of 0.28. SB Financial Group has a twelve month low of $17.10 and a twelve month high of $24.48. The business has a 50 day simple moving average of $20.60 and a 200-day simple moving average of $19.65. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41.

SB Financial Group (NASDAQ:SBFG - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. SB Financial Group had a return on equity of 9.57% and a net margin of 13.78%.The firm had revenue of $17.02 million during the quarter, compared to the consensus estimate of $11.80 million. As a group, equities analysts anticipate that SB Financial Group will post 2 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SBFG. Goldman Sachs Group Inc. purchased a new position in SB Financial Group in the first quarter worth $350,000. Empowered Funds LLC raised its position 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 acquiring an additional 2,832 shares in the last quarter. Jane Street Group LLC increased its position in shares of SB Financial Group by 123.0% in the first quarter. Jane Street Group LLC now owns 22,159 shares of the financial services provider's stock valued at $461,000 after buying an additional 12,224 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of SB Financial Group by 56.0% in the first quarter. Acadian Asset Management LLC now owns 5,761 shares of the financial services provider's stock valued at $119,000 after buying an additional 2,068 shares in the last quarter. Finally, Princeton Capital Management LLC purchased a new position in shares of SB Financial Group in the second quarter valued at $218,000. 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.

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