Geode Capital Management LLC Increases Holdings in SB Financial Group, Inc. (NASDAQ:SBFG)

Geode Capital Management LLC raised its holdings in shares of SB Financial Group, Inc. (NASDAQ:SBFG) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,076 shares of the financial services provider’s stock after acquiring an additional 2,416 shares during the quarter. Geode Capital Management LLC owned approximately 1.07% of SB Financial Group worth $1,462,000 as of its most recent filing with the SEC.

Separately, Barclays PLC increased its stake in SB Financial Group by 325.1% in the third quarter. Barclays PLC now owns 1,271 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 972 shares during the last quarter. 66.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of SB Financial Group in a research report on Saturday, September 21st. They set a “hold” rating for the company.

SB Financial Group Price Performance

Shares of SBFG opened at $20.76 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.92 and a quick ratio of 0.91. SB Financial Group, Inc. has a 1-year low of $13.01 and a 1-year high of $23.00. The stock has a market cap of $138.10 million, a PE ratio of 11.93 and a beta of 0.77. The firm has a fifty day moving average price of $20.82 and a 200 day moving average price of $18.32.

SB Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.145 dividend. This is an increase from SB Financial Group’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Friday, November 8th. SB Financial Group’s payout ratio is presently 33.33%.

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.