SB Financial Group, Inc. (NASDAQ:SBFG) Short Interest Update

SB Financial Group, Inc. (NASDAQ:SBFG) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 5,800 shares, a drop of 20.5% from the November 15th total of 7,300 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 12,700 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On SB Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Princeton Capital Management LLC bought a new stake in shares of SB Financial Group in the 2nd quarter valued at $146,000. Empowered Funds LLC raised its holdings in SB Financial Group by 5.2% during the third quarter. Empowered Funds LLC now owns 37,762 shares of the financial services provider’s stock worth $776,000 after buying an additional 1,876 shares during the last quarter. Barclays PLC lifted its position in SB Financial Group by 325.1% in the 3rd quarter. Barclays PLC now owns 1,271 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 972 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of SB Financial Group by 3.5% during the third quarter. Geode Capital Management LLC now owns 71,076 shares of the financial services provider’s stock valued at $1,462,000 after buying an additional 2,416 shares during the last quarter. Institutional investors own 66.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of SB Financial Group in a report on Saturday, September 21st. They issued a “hold” rating for the company.

SB Financial Group Trading Up 0.4 %

NASDAQ:SBFG traded up $0.09 on Friday, reaching $21.74. 27,247 shares of the stock traded hands, compared to its average volume of 7,277. 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 has a 1-year low of $13.01 and a 1-year high of $22.21. The company’s 50 day moving average is $20.26 and its 200-day moving average is $17.40. The firm has a market capitalization of $144.57 million, a price-to-earnings ratio of 12.49 and a beta of 0.77.

SB Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.145 dividend. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.58 annualized dividend and a yield of 2.67%. SB Financial Group’s payout ratio is presently 33.33%.

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.