SB Financial Group, Inc. (NASDAQ:SBFG) declared a quarterly dividend on Monday, July 24th, NASDAQ reports. Investors of record on Friday, August 11th will be given a dividend of 0.07 per share by the financial services provider on Friday, August 25th. This represents a $0.28 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, August 9th.
SB Financial Group (NASDAQ:SBFG) traded up 0.30% during mid-day trading on Friday, hitting $16.55. The company’s stock had a trading volume of 603 shares. The company has a market cap of $79.41 million, a P/E ratio of 11.48 and a beta of 0.63. The firm’s 50-day moving average is $16.99 and its 200-day moving average is $17.32. SB Financial Group has a 12-month low of $11.35 and a 12-month high of $20.75.
SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $11.43 million for the quarter. SB Financial Group had a return on equity of 12.48% and a net margin of 18.80%.
A hedge fund recently raised its stake in SB Financial Group stock. Vanguard Group Inc. boosted its stake in shares of SB Financial Group, Inc. (NASDAQ:SBFG) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,225 shares of the financial services provider’s stock after buying an additional 400 shares during the period. Vanguard Group Inc. owned approximately 1.81% of SB Financial Group worth $1,481,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 21.08% of the company’s stock.
SB Financial Group declared that its Board of Directors has initiated a share repurchase program on Monday, May 22nd that allows the company to buyback 200,000 outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
About SB Financial Group
SB Financial Group, Inc is a bank holding company. Through its direct and indirect subsidiaries, the Company is engaged in a range of activities, including commercial banking, item processing and wealth management services. The Company’s subsidiaries include The State Bank and Trust Company (State Bank), RFCBC, Inc (RFCBC), Rurbanc Data Services, Inc (doing business as RDSI Banking Systems (RDSI)), SBT Insurance, LLC (SBI) and Rurban Statutory Trust II (RST II).
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