Petiole USA ltd Sells 10,000 Shares of SB Financial Group, Inc. $SBFG

Petiole USA ltd reduced its position in shares of SB Financial Group, Inc. (NASDAQ:SBFG) by 5.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 176,087 shares of the financial services provider’s stock after selling 10,000 shares during the period. SB Financial Group accounts for approximately 2.6% of Petiole USA ltd’s holdings, making the stock its 15th biggest position. Petiole USA ltd owned about 2.70% of SB Financial Group worth $3,666,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jane Street Group LLC acquired a new position in SB Financial Group during the 4th quarter valued at $208,000. Northern Trust Corp increased 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. Dimensional Fund Advisors LP increased its position in shares of SB Financial Group by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 164,832 shares of the financial services provider’s stock worth $3,447,000 after purchasing an additional 5,137 shares in the last quarter. Bridgeway Capital Management LLC increased its position in shares of SB Financial Group by 2.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 75,127 shares of the financial services provider’s stock worth $1,571,000 after purchasing an additional 1,875 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in SB Financial Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 71,749 shares of the financial services provider’s stock worth $1,501,000 after acquiring an additional 673 shares during the last quarter. 66.67% of the stock is owned by institutional investors.

SB Financial Group Stock Down 0.2%

Shares of NASDAQ SBFG opened at $20.77 on Tuesday. The firm has a market capitalization of $131.47 million, a PE ratio of 11.35 and a beta of 0.34. 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, Inc. has a 1 year low of $14.24 and a 1 year high of $24.48. The firm’s 50-day moving average is $19.22 and its 200-day moving average is $19.86.

SB Financial Group (NASDAQ:SBFG) last released its quarterly earnings data 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 net margin of 13.78% and a return on equity of 9.57%. The business had revenue of $17.02 million for the quarter, compared to analyst estimates of $11.80 million. Equities analysts expect that SB Financial Group, Inc. will post 2 EPS for the current year.

SB Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, August 15th. SB Financial Group’s dividend payout ratio (DPR) is 32.79%.

Insider Buying and Selling

In related news, Director Timothy L. Claxton bought 2,000 shares of the company’s stock in a transaction on Monday, June 23rd. The shares were purchased at an average cost of $17.64 per share, for a total transaction of $35,280.00. Following the acquisition, the director owned 10,127 shares of the company’s stock, valued at approximately $178,640.28. This represents a 24.61% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of SB Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, July 26th.

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.