SB Financial Group, Inc. (NASDAQ:SBFG) Sees Significant Increase in Short Interest

SB Financial Group, Inc. (NASDAQ:SBFG) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 116,500 shares, an increase of 46.4% from the February 13th total of 79,600 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily volume of 24,200 shares, the short-interest ratio is presently 4.8 days.

Institutional Trading of SB Financial Group

Hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its position in SB Financial Group by 325.1% in the 3rd quarter. Barclays PLC now owns 1,271 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 972 shares in the last quarter. Jones Financial Companies Lllp bought a new position in SB Financial Group in the 4th quarter valued at approximately $62,000. Jane Street Group LLC bought a new position in SB Financial Group in the 4th quarter valued at approximately $208,000. Ritholtz Wealth Management bought a new position in SB Financial Group in the 4th quarter valued at approximately $408,000. Finally, Northern Trust Corp lifted its position in SB Financial Group by 41.5% in the 4th quarter. Northern Trust Corp now owns 25,108 shares of the financial services provider’s stock valued at $525,000 after acquiring an additional 7,370 shares in the last quarter. 66.67% of the stock is owned by institutional investors.

SB Financial Group Stock Up 1.1 %

SBFG opened at $19.40 on Friday. The company has a market cap of $126.78 million, a P/E ratio of 11.28 and a beta of 0.80. The business’s 50-day moving average price is $21.43 and its 200-day moving average price is $20.42. 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 12 month low of $13.01 and a 12 month high of $24.48.

SB Financial Group (NASDAQ:SBFG) last released its quarterly earnings data 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 return on equity of 8.98% and a net margin of 14.10%. On average, equities analysts expect that SB Financial Group will post 2 EPS for the current year.

SB Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.145 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.99%. SB Financial Group’s dividend payout ratio (DPR) is 33.72%.

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.