SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Investors of record on Friday, November 8th will be given a dividend of 0.145 per share by the financial services provider on Friday, November 22nd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from SB Financial Group's previous quarterly dividend of $0.14.
SB Financial Group has increased its dividend by an average of 10.9% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. SB Financial Group has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SB Financial Group to earn $1.78 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 32.6%.
SB Financial Group Stock Up 3.4 %
NASDAQ:SBFG traded up $0.62 during trading hours on Wednesday, hitting $18.72. 11,373 shares of the company traded hands, compared to its average volume of 6,138. SB Financial Group has a one year low of $12.85 and a one year high of $21.21. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The company has a market cap of $125.99 million, a PE ratio of 10.40 and a beta of 0.75. The firm's 50-day simple moving average is $18.96 and its 200-day simple moving average is $16.04.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of SB Financial Group in a research report on Saturday, September 21st. They issued a "hold" rating for the company.
Read Our Latest Stock Analysis on SB Financial Group
SB Financial Group Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider SB Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SB Financial Group wasn't on the list.
While SB Financial Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
