Initiates Coverage on SB Financial Group (NASDAQ:SBFG) began coverage on shares of SB Financial Group (NASDAQ:SBFGFree Report) in a research report sent to investors on Saturday. The brokerage issued a hold rating on the financial services provider’s stock.

SB Financial Group Trading Up 0.6 %

NASDAQ:SBFG opened at $15.50 on Friday. SB Financial Group has a 1 year low of $11.82 and a 1 year high of $17.30. The stock has a market cap of $105.40 million, a P/E ratio of 8.86 and a beta of 0.71. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.90 and a current ratio of 0.91. The stock has a 50-day simple moving average of $15.16 and a 200-day simple moving average of $14.25.

SB Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.54 dividend on an annualized basis and a yield of 3.48%. SB Financial Group’s payout ratio is currently 30.86%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new stake in SB Financial Group in the first quarter valued at $52,000. UBS Group AG increased its position in shares of SB Financial Group by 18.2% during the second quarter. UBS Group AG now owns 9,309 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 1,434 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of SB Financial Group in the 1st quarter valued at about $216,000. Susquehanna International Group LLP acquired a new stake in shares of SB Financial Group in the 1st quarter valued at about $289,000. Finally, HRT Financial LP purchased a new position in SB Financial Group during the 1st quarter worth approximately $292,000. Institutional investors and hedge funds own 49.93% of the company’s stock.

About SB Financial Group

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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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