SB Financial Group (NASDAQ:SBFG) Rating Lowered to Hold at Wall Street Zen

SB Financial Group (NASDAQ:SBFG) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of SB Financial Group in a research note on Monday, December 29th. Zacks Research downgraded shares of SB Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, SB Financial Group presently has a consensus rating of “Moderate Buy”.

SB Financial Group Stock Performance

Shares of NASDAQ SBFG opened at $20.76 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The firm’s 50-day moving average price is $21.72 and its two-hundred day moving average price is $21.06. SB Financial Group has a 52-week low of $17.10 and a 52-week high of $23.93. The stock has a market capitalization of $130.79 million, a P/E ratio of 9.44 and a beta of 0.22.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings results on Friday, January 30th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $16.58 million for the quarter, compared to analysts’ expectations of $12.30 million. SB Financial Group had a return on equity of 11.02% and a net margin of 15.35%. As a group, sell-side analysts forecast that SB Financial Group will post 2 earnings per share for the current year.

Hedge Funds Weigh In On SB Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of SB Financial Group by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 192,095 shares of the financial services provider’s stock worth $4,278,000 after acquiring an additional 4,930 shares during the period. Geode Capital Management LLC raised its holdings in SB Financial Group by 98.3% during the second quarter. Geode Capital Management LLC now owns 148,786 shares of the financial services provider’s stock worth $2,842,000 after purchasing an additional 73,771 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in SB Financial Group by 3.8% in the third quarter. Bridgeway Capital Management LLC now owns 81,511 shares of the financial services provider’s stock worth $1,572,000 after purchasing an additional 2,963 shares during the period. State Street Corp lifted its position in SB Financial Group by 4.6% in the fourth 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. Finally, Goldman Sachs Group Inc. boosted its stake in SB Financial Group by 23.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 51,019 shares of the financial services provider’s stock valued at $1,136,000 after purchasing an additional 9,820 shares in the last quarter. Institutional investors own 66.67% of the company’s stock.

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.