SB Financial Group, Inc. (NASDAQ:SBFG) Sees Large Decline in Short Interest

SB Financial Group, Inc. (NASDAQ:SBFG) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 78,600 shares, a decrease of 32.5% from the February 28th total of 116,500 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 21,200 shares, the days-to-cover ratio is currently 3.7 days.

SB Financial Group Stock Down 1.6 %

SB Financial Group stock opened at $20.82 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. SB Financial Group has a 1-year low of $13.01 and a 1-year high of $24.48. The firm’s fifty day simple moving average is $21.51 and its 200-day simple moving average is $20.76. The company has a market capitalization of $136.06 million, a P/E ratio of 12.10 and a beta of 0.80.

SB Financial Group (NASDAQ:SBFG) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.41 by $0.11. SB Financial Group had a net margin of 14.10% and a return on equity of 8.98%. Sell-side analysts forecast that SB Financial Group will post 2 earnings per share for the current fiscal year.

SB Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.145 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.58 annualized dividend and a yield of 2.79%. SB Financial Group’s dividend payout ratio (DPR) is currently 33.72%.

Institutional Investors Weigh In On SB Financial Group

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in shares of SB Financial Group by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 71,749 shares of the financial services provider’s stock worth $1,501,000 after buying an additional 673 shares during the last quarter. Barclays PLC lifted its position in SB Financial Group by 325.1% during the 3rd quarter. Barclays PLC now owns 1,271 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 972 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in SB Financial Group by 2.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 75,127 shares of the financial services provider’s stock valued at $1,571,000 after acquiring an additional 1,875 shares during the period. Empowered Funds LLC grew its position in shares of SB Financial Group by 5.0% in the fourth quarter. Empowered Funds LLC now owns 39,637 shares of the financial services provider’s stock valued at $829,000 after purchasing an additional 1,875 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new position in shares of SB Financial Group in the fourth quarter worth about $62,000. Institutional investors own 66.67% of the company’s stock.

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.