SB Financial Group, Inc. (NASDAQ:SBFG) Short Interest Down 20.5% in November

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC raised 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 worth $26,000 after acquiring an additional 972 shares during the last quarter. Princeton Capital Management LLC bought a new stake in SB Financial Group during the 2nd quarter worth about $146,000. Empowered Funds LLC raised its holdings in SB Financial Group by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 37,762 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 1,876 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in SB Financial Group by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 71,076 shares of the financial services provider’s stock valued at $1,462,000 after purchasing an additional 2,416 shares during the period. 66.67% of the stock is currently owned by institutional investors.

SB Financial Group Price Performance

Shares of NASDAQ SBFG traded up $0.81 during trading on Monday, reaching $22.55. The company had a trading volume of 95,587 shares, compared to its average volume of 7,668. SB Financial Group has a 52 week low of $13.01 and a 52 week high of $22.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.92. The business’s 50 day moving average price is $20.26 and its 200-day moving average price is $17.42. The stock has a market cap of $150.00 million, a PE ratio of 12.49 and a beta of 0.77.

SB Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.145 per share. This is an increase 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 2.57%. SB Financial Group’s dividend payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

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

About SB Financial Group

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.