SB Financial Group, Inc. (NASDAQ:SBFG) Short Interest Update

SB Financial Group, Inc. (NASDAQ:SBFG) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 7,500 shares, a growth of 38.9% from the August 15th total of 5,400 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 5,100 shares, the days-to-cover ratio is currently 1.5 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of SB Financial Group in a report on Tuesday, September 12th. They issued a “hold” rating on the stock.

SB Financial Group Trading Down 0.3 %

Shares of NASDAQ SBFG traded down $0.05 during mid-day trading on Friday, hitting $14.75. 4,286 shares of the company traded hands, compared to its average volume of 4,891. SB Financial Group has a 1 year low of $11.82 and a 1 year high of $17.79. The stock has a market capitalization of $101.04 million, a price-to-earnings ratio of 8.38 and a beta of 0.80. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.86. The business has a 50 day moving average of $13.99 and a two-hundred day moving average of $13.74.

SB Financial Group (NASDAQ:SBFG) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. SB Financial Group had a return on equity of 10.41% and a net margin of 18.05%. The business had revenue of $14.19 million during the quarter, compared to the consensus estimate of $14.30 million. On average, sell-side analysts anticipate that SB Financial Group will post 1.59 earnings per share for the current fiscal year.

SB Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Thursday, August 10th. SB Financial Group’s dividend payout ratio is 29.55%.

Hedge Funds Weigh In On SB Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in SB Financial Group during the 1st quarter valued at about $52,000. UBS Group AG grew its stake in SB Financial Group by 18.2% during the 2nd quarter. UBS Group AG now owns 9,309 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 1,434 shares in the last quarter. Jane Street Group LLC purchased a new position in SB Financial Group during the 1st quarter valued at about $216,000. State Street Corp grew its stake in SB Financial Group by 14.4% during the 1st quarter. State Street Corp now owns 16,111 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 2,033 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in SB Financial Group during the 1st quarter valued at about $289,000. Institutional investors and hedge funds own 49.93% of the company’s stock.

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.