SB Financial Group (SBFG) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of SB Financial Group (NASDAQ:SBFG) from a hold rating to a sell rating in a report released on Wednesday.

According to Zacks, “SB Financial Group, Inc. is a financial services holding company with two wholly-owned operating subsidiaries: State Bank and RDSI Banking Systems. State Bank offers a full range of financial services for consumers and small businesses, including wealth management, mortgage banking, commercial and agricultural lending. RDSI provides item processing services to community banks located in the Midwest. SB Financial Group, Inc., formerly known as Rurban Financial Corp., is based in Defiance, Ohio. “

Separately, ValuEngine raised SB Financial Group from a sell rating to a hold rating in a report on Wednesday, November 21st.

NASDAQ:SBFG traded down $0.16 during mid-day trading on Wednesday, hitting $18.54. 6,700 shares of the company traded hands, compared to its average volume of 5,988. SB Financial Group has a one year low of $16.05 and a one year high of $20.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a market capitalization of $121.16 million, a PE ratio of 12.34 and a beta of 0.89.

SB Financial Group (NASDAQ:SBFG) last released its quarterly earnings results on Thursday, January 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.01). SB Financial Group had a net margin of 20.74% and a return on equity of 10.48%. The company had revenue of $12.54 million for the quarter, compared to the consensus estimate of $12.50 million. Equities analysts forecast that SB Financial Group will post 1.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Friday, February 8th were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Thursday, February 7th. SB Financial Group’s dividend payout ratio is presently 22.52%.

A number of large investors have recently added to or reduced their stakes in SBFG. BlackRock Inc. grew its holdings in SB Financial Group by 10.2% during the fourth quarter. BlackRock Inc. now owns 6,854 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 635 shares during the period. Acadian Asset Management LLC boosted its stake in shares of SB Financial Group by 8.9% in the fourth quarter. Acadian Asset Management LLC now owns 24,449 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 2,004 shares during the period. Southside Capital LLC bought a new position in shares of SB Financial Group in the fourth quarter worth about $480,000. Renaissance Technologies LLC boosted its stake in shares of SB Financial Group by 15.6% in the second quarter. Renaissance Technologies LLC now owns 47,500 shares of the financial services provider’s stock worth $965,000 after acquiring an additional 6,400 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of SB Financial Group by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 112,565 shares of the financial services provider’s stock worth $1,852,000 after acquiring an additional 1,828 shares during the period. 44.94% of the stock is owned by institutional investors and hedge funds.

About SB Financial Group

SB Financial Group, Inc, through its subsidiaries, provides range of banking and wealth management services to individual and corporate customers primarily in northwest Ohio and northeast Indiana. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit.

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