6,300 Shares in SB Financial Group, Inc. $SBFG Purchased by LSV Asset Management

LSV Asset Management bought a new stake in SB Financial Group, Inc. (NASDAQ:SBFG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,300 shares of the financial services provider’s stock, valued at approximately $120,000. LSV Asset Management owned approximately 0.10% of SB Financial Group as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings 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 during the period. Princeton Capital Management LLC acquired a new position in SB Financial Group during the second quarter worth about $218,000. Goldman Sachs Group Inc. bought a new stake in SB Financial Group in the first quarter worth about $350,000. Jane Street Group LLC lifted its holdings in SB Financial Group by 123.0% in the 1st quarter. Jane Street Group LLC now owns 22,159 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 12,224 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in SB Financial Group by 7.1% in the 1st quarter. Empowered Funds LLC now owns 42,469 shares of the financial services provider’s stock valued at $884,000 after acquiring an additional 2,832 shares during the last quarter. Institutional investors and hedge funds own 66.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SBFG. Wall Street Zen raised shares of SB Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Weiss Ratings restated a “buy (b-)” rating on shares of SB Financial Group in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of SB Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, SB Financial Group presently has an average rating of “Strong Buy”.

SB Financial Group Stock Up 6.2%

Shares of NASDAQ:SBFG opened at $21.13 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market cap of $133.10 million, a PE ratio of 11.55 and a beta of 0.32. SB Financial Group, Inc. has a 52 week low of $17.10 and a 52 week high of $24.48. The firm has a 50 day simple moving average of $19.84 and a 200 day simple moving average of $19.72.

SB Financial Group (NASDAQ:SBFG) last posted its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. The firm had revenue of $16.58 million for the quarter, compared to analysts’ expectations of $12.30 million. SB Financial Group had a net margin of 13.78% and a return on equity of 9.57%. As a group, research analysts expect that SB Financial Group, Inc. will post 2 earnings per share for the current year.

SB Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a yield of 2.9%. SB Financial Group’s payout ratio is presently 29.25%.

SB Financial Group Company Profile

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.