SB Financial Group Inc (SBFG) Receives Consensus Recommendation of “Strong Buy” from Analysts

Shares of SB Financial Group Inc (NASDAQ:SBFG) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price objective of $23.00 for the company and are forecasting that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also assigned SB Financial Group an industry rank of 105 out of 256 based on the ratings given to related companies.

Several research firms have recently issued reports on SBFG. Zacks Investment Research lowered shares of SB Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. ValuEngine upgraded shares of SB Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st.

Shares of SBFG stock traded up $0.48 during mid-day trading on Tuesday, hitting $17.24. 5,720 shares of the stock were exchanged, compared to its average volume of 4,297. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.22. SB Financial Group has a 52-week low of $16.05 and a 52-week high of $20.53. The firm has a market cap of $106.98 million, a P/E ratio of 11.72 and a beta of 0.77.

SB Financial Group (NASDAQ:SBFG) last posted its earnings results on Friday, October 19th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). SB Financial Group had a return on equity of 10.66% and a net margin of 23.37%. The firm had revenue of $12.73 million for the quarter, compared to analysts’ expectations of $12.90 million. On average, analysts anticipate that SB Financial Group will post 1.51 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBFG. Dimensional Fund Advisors LP raised its stake in shares of SB Financial Group by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 108,877 shares of the financial services provider’s stock valued at $2,212,000 after buying an additional 11,930 shares during the period. Renaissance Technologies LLC raised 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 valued at $965,000 after buying an additional 6,400 shares during the period. Cutler Capital Management LLC raised its stake in shares of SB Financial Group by 165.7% in the third quarter. Cutler Capital Management LLC now owns 112,867 shares of the financial services provider’s stock valued at $2,297,000 after buying an additional 70,386 shares during the period. Finally, JCSD Capital LLC raised its stake in shares of SB Financial Group by 1.6% in the third quarter. JCSD Capital LLC now owns 232,570 shares of the financial services provider’s stock valued at $4,733,000 after buying an additional 3,718 shares during the period. Hedge funds and other institutional investors own 44.89% of the company’s stock.

SB Financial Group Company Profile

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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