SB Financial Group, Inc. (NASDAQ:SBFG) to Issue Dividend Increase – $0.15 Per Share

Posted by Hanz Christensen on Nov 6th, 2024

SB Financial Group, Inc. (NASDAQ:SBFG – Get Free Report) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Investors of record on Friday, November 8th will be paid a dividend of 0.145 per share by the financial services provider on Friday, November 22nd. This represents a $0.58 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Friday, November 8th. This is a boost from SB Financial Group’s previous quarterly dividend of $0.14.

SB Financial Group has raised its dividend payment by an average of 10.9% per year over the last three years and has increased its dividend every year for the last 11 years. SB Financial Group has a payout ratio of 36.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect SB Financial Group to earn $1.78 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 32.6%.

SB Financial Group Price Performance

SB Financial Group stock traded up $1.27 during mid-day trading on Wednesday, reaching $19.37. The company had a trading volume of 858 shares, compared to its average volume of 6,084. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. SB Financial Group has a fifty-two week low of $12.85 and a fifty-two week high of $21.21. The company has a market cap of $130.36 million, a P/E ratio of 10.40 and a beta of 0.75. The business has a fifty day simple moving average of $18.96 and a 200 day simple moving average of $16.04.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on SB Financial Group in a research note on Saturday, September 21st. They set a “hold” rating on the stock.

View Our Latest Report on SBFG

SB Financial Group Company Profile

(Get Free Report)

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.