SB Financial Group (NASDAQ:SBFG) Announces Earnings Results
by Jessica Moore · The Cerbat GemSB Financial Group (NASDAQ:SBFG – Get Free Report) posted its earnings results on Thursday. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03, Zacks reports. SB Financial Group had a return on equity of 10.88% and a net margin of 15.35%.
SB Financial Group Stock Performance
Shares of NASDAQ SBFG traded down $0.28 during mid-day trading on Thursday, hitting $21.31. The stock had a trading volume of 4,698 shares, compared to its average volume of 10,942. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.94 and a current ratio of 0.94. The company has a 50 day moving average of $20.98 and a two-hundred day moving average of $21.09. SB Financial Group has a twelve month low of $17.10 and a twelve month high of $23.93. The firm has a market cap of $134.25 million, a PE ratio of 9.69 and a beta of 0.21.
Hedge Funds Weigh In On SB Financial Group
Several hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of SB Financial Group by 27.0% in the 4th quarter. AQR Capital Management LLC now owns 13,301 shares of the financial services provider’s stock valued at $296,000 after acquiring an additional 2,830 shares during the period. Barclays PLC grew its position in SB Financial Group by 7.8% during the 4th quarter. Barclays PLC now owns 34,053 shares of the financial services provider’s stock worth $758,000 after purchasing an additional 2,458 shares during the period. State Street Corp grew its position in SB Financial Group by 4.6% during the 4th quarter. State Street Corp now owns 66,689 shares of the financial services provider’s stock worth $1,485,000 after purchasing an additional 2,926 shares during the period. Wells Fargo & Company MN grew its position in SB Financial Group by 28.4% during the 4th quarter. Wells Fargo & Company MN now owns 9,151 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 2,025 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in SB Financial Group by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 192,095 shares of the financial services provider’s stock worth $4,278,000 after purchasing an additional 4,930 shares during the period. 66.67% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have weighed in on SBFG shares. Wall Street Zen lowered SB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of SB Financial Group in a report on Monday, December 29th. Finally, Zacks Research lowered SB Financial Group from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on SBFG
SB Financial Group Company Profile
SB Financial Group, Inc (NASDAQ: SBFG) is the bank holding company for Star Financial Bank, a full-service community bank headquartered in Fort Wayne, Indiana. Through its wholly owned subsidiary, the company offers a broad portfolio of commercial and consumer banking products, including deposit accounts, lending solutions, mortgage origination and servicing, and cash management services.
In its commercial banking division, SB Financial Group provides working capital loans, equipment financing, commercial real estate lending and treasury management solutions designed for small- and mid-sized businesses.