StockNews.com Begins Coverage on SB Financial Group (NASDAQ:SBFG)

Stock analysts at StockNews.com assumed coverage on shares of SB Financial Group (NASDAQ:SBFG – Get Free Report) in a research note issued to investors on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

SB Financial Group Price Performance

Shares of SBFG traded up $0.27 during midday trading on Thursday, hitting $13.79. 7,526 shares of the company traded hands, compared to its average volume of 3,326. SB Financial Group has a 52 week low of $12.30 and a 52 week high of $16.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.89 and a current ratio of 0.90. The firm has a 50 day moving average of $13.88 and a 200-day moving average of $14.23. The stock has a market cap of $93.22 million, a price-to-earnings ratio of 7.88 and a beta of 0.73.

SB Financial Group (NASDAQ:SBFG – Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $13.13 million during the quarter, compared to analysts’ expectations of $13.50 million. SB Financial Group had a return on equity of 10.00% and a net margin of 15.47%. On average, analysts forecast that SB Financial Group will post 1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On SB Financial Group

A hedge fund recently raised its stake in SB Financial Group stock. Gendell Jeffrey L grew its stake in shares of SB Financial Group, Inc. (NASDAQ:SBFG – Free Report) by 7.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,823 shares of the financial services provider’s stock after acquiring an additional 3,335 shares during the period. Gendell Jeffrey L owned about 0.72% of SB Financial Group worth $673,000 at the end of the most recent quarter. 66.67% of the stock is owned by hedge funds and other institutional investors.

About SB Financial Group

(Get Free Report)

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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