Short Interest in SB Financial Group, Inc. (NASDAQ:SBFG) Decreases By 32.5%

SB Financial Group, Inc. (NASDAQ:SBFG) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 78,600 shares, a drop of 32.5% from the February 28th total of 116,500 shares. Based on an average daily volume of 21,200 shares, the days-to-cover ratio is currently 3.7 days. Currently, 1.3% of the company’s shares are short sold.

Hedge Funds Weigh In On SB Financial Group

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of SB Financial Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 71,749 shares of the financial services provider’s stock worth $1,501,000 after acquiring an additional 673 shares during the period. Barclays PLC boosted its position in shares of SB Financial Group by 325.1% during 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 in the last quarter. Bridgeway Capital Management LLC grew its stake in SB Financial Group by 2.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 75,127 shares of the financial services provider’s stock worth $1,571,000 after purchasing an additional 1,875 shares during the period. Empowered Funds LLC raised its holdings in SB Financial Group by 5.0% in the fourth quarter. Empowered Funds LLC now owns 39,637 shares of the financial services provider’s stock worth $829,000 after purchasing an additional 1,875 shares in the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in SB Financial Group during the fourth quarter valued at $62,000. 66.67% of the stock is owned by institutional investors.

SB Financial Group Trading Down 1.8 %

NASDAQ SBFG traded down $0.39 on Monday, hitting $20.77. The company’s stock had a trading volume of 3,580 shares, compared to its average volume of 12,814. The firm has a market cap of $135.70 million, a P/E ratio of 12.10 and a beta of 0.80. SB Financial Group has a 52-week low of $13.01 and a 52-week high of $24.48. The company’s 50-day simple moving average is $21.50 and its 200 day simple moving average is $20.73. 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 (NASDAQ:SBFG) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. SB Financial Group had a return on equity of 8.98% and a net margin of 14.10%. Research analysts predict that SB Financial Group will post 2 EPS for the current fiscal year.

SB Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Friday, February 14th. SB Financial Group’s dividend payout ratio is currently 33.72%.

SB Financial Group Company Profile

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.