Short Interest in SB Financial Group, Inc. (NASDAQ:SBFG) Drops By 12.7%

SB Financial Group, Inc. (NASDAQ:SBFG) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 114,200 shares, a decline of 12.7% from the December 31st total of 130,800 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 21,700 shares, the days-to-cover ratio is currently 5.3 days.

Institutional Investors Weigh In On SB Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in shares of 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 last quarter. Empowered Funds LLC increased its position in shares of SB Financial Group by 5.0% during the 4th quarter. Empowered Funds LLC now owns 39,637 shares of the financial services provider’s stock valued at $829,000 after purchasing an additional 1,875 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in shares of SB Financial Group during the 4th quarter valued at about $408,000. Finally, Barclays PLC increased its position in shares of SB Financial Group by 325.1% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 66.67% of the company’s stock.

SB Financial Group Price Performance

Shares of NASDAQ:SBFG opened at $22.37 on Monday. SB Financial Group has a fifty-two week low of $13.01 and a fifty-two week high of $23.00. The business has a 50-day simple moving average of $21.22 and a two-hundred day simple moving average of $19.17. 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 firm has a market cap of $148.76 million, a price-to-earnings ratio of 13.01 and a beta of 0.77.

SB Financial Group (NASDAQ:SBFG) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.52 earnings per share 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%. On average, analysts expect that SB Financial Group will post 1.78 earnings per share for the current year.

SB Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, February 14th. SB Financial Group’s 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.