StockNews.com Begins Coverage on SB Financial Group (NASDAQ:SBFG)

Analysts at StockNews.com initiated coverage on shares of SB Financial Group (NASDAQ:SBFG) in a report released on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

SB Financial Group Trading Down 2.5 %

SBFG opened at $13.85 on Monday. SB Financial Group has a 1-year low of $12.30 and a 1-year high of $16.25. The stock has a market capitalization of $93.63 million, a PE ratio of 7.91 and a beta of 0.69. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $13.70 and a two-hundred day moving average price of $14.31.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. SB Financial Group had a net margin of 15.47% and a return on equity of 10.00%. The business had revenue of $13.13 million during the quarter, compared to analyst estimates of $13.50 million. As a group, equities analysts anticipate that SB Financial Group will post 1.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SB Financial Group stock. Empowered Funds LLC raised its holdings in SB Financial Group, Inc. (NASDAQ:SBFG) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,366 shares of the financial services provider’s stock after acquiring an additional 2,450 shares during the quarter. Empowered Funds LLC owned about 0.49% of SB Financial Group worth $460,000 as of its most recent SEC filing. 66.67% of the stock is owned by hedge funds and other institutional investors.

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.