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

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 6,400 shares, a decline of 15.8% from the September 30th total of 7,600 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 9,900 shares, the short-interest ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

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

SB Financial Group Stock Performance

Shares of NASDAQ:SBFG traded up $0.63 on Monday, hitting $19.64. The company had a trading volume of 16,800 shares, compared to its average volume of 5,908. SB Financial Group has a 1-year low of $12.85 and a 1-year high of $21.21. The stock has a market cap of $132.14 million, a price-to-earnings ratio of 11.28 and a beta of 0.74. The stock has a 50 day moving average price of $18.51 and a 200 day moving average price of $15.79. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44.

SB Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.145 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from SB Financial Group's previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a dividend yield of 2.95%. SB Financial Group's dividend payout ratio is 32.18%.

Hedge Funds Weigh In On SB Financial Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Princeton Capital Management LLC bought a new stake in SB Financial Group during the second quarter worth about $146,000. Gendell Jeffrey L lifted its position in SB Financial Group by 7.3% during the first quarter. Gendell Jeffrey L now owns 48,823 shares of the financial services provider's stock worth $673,000 after purchasing an additional 3,335 shares during the period. Finally, Empowered Funds LLC lifted its position in SB Financial Group by 7.9% during the first quarter. Empowered Funds LLC now owns 33,366 shares of the financial services provider's stock worth $460,000 after purchasing an additional 2,450 shares during the period. 66.67% of the stock is currently owned by institutional investors and hedge funds.

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.