SB Financial Group, Inc. (NASDAQ:SBFG) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 4,800 shares, a drop of 18.6% from the January 15th total of 5,900 shares. Based on an average trading volume of 8,400 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s shares are sold short.
A number of large investors have recently added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. boosted its holdings in SB Financial Group by 46.6% in the second quarter. Punch & Associates Investment Management Inc. now owns 480,662 shares of the financial services provider’s stock valued at $8,892,000 after purchasing an additional 152,729 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in SB Financial Group by 0.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 462,111 shares of the financial services provider’s stock worth $8,997,000 after buying an additional 4,103 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in SB Financial Group by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 458,008 shares of the financial services provider’s stock worth $8,328,000 after buying an additional 3,497 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in SB Financial Group by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 456,468 shares of the financial services provider’s stock worth $8,979,000 after buying an additional 29,397 shares during the last quarter. Finally, Cutler Capital Management LLC lifted its holdings in SB Financial Group by 1.2% during the 4th quarter. Cutler Capital Management LLC now owns 377,790 shares of the financial services provider’s stock worth $7,431,000 after buying an additional 4,456 shares during the last quarter. Hedge funds and other institutional investors own 44.10% of the company’s stock.
Shares of NASDAQ SBFG opened at $19.55 on Thursday. SB Financial Group has a twelve month low of $16.17 and a twelve month high of $20.67. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.86. The company has a fifty day moving average price of $19.57. The firm has a market capitalization of $142.79 million, a PE ratio of 7.94 and a beta of 1.18.
SB Financial Group (NASDAQ:SBFG) last released its earnings results on Thursday, January 27th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $15.67 million during the quarter. SB Financial Group had a return on equity of 10.80% and a net margin of 25.17%. As a group, analysts expect that SB Financial Group will post 1.71 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 25th. Investors of record on Friday, February 11th will be issued a $0.115 dividend. The ex-dividend date of this dividend is Thursday, February 10th. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 2.35%. SB Financial Group’s dividend payout ratio (DPR) is 18.69%.
Several equities research analysts have issued reports on the company. StockNews.com started coverage on SB Financial Group in a research note on Monday. They set a “hold” rating for the company. Zacks Investment Research cut SB Financial Group from a “buy” rating to a “sell” rating in a research note on Wednesday.
SB Financial Group Company Profile
SB Financial Group, Inc is a financial holding company, which engages in the provision of commercial banking and wealth management solutions. The company offers checking, savings, e-services, mortgage loans, mortgage applications, mortgage tool, credit cards, and loans and lines services. It also provides investment and asset management, retirement services, insurance, business succession planning, and brokerage services.
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