SB Financial Group (NASDAQ:SBFG) Stock Crosses Below 50-Day Moving Average - What's Next?

SB Financial Group, Inc. (NASDAQ:SBFG - Get Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.77 and traded as low as $20.48. SB Financial Group shares last traded at $21.25, with a volume of 34,147 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on SB Financial Group in a research report on Saturday, September 21st. They set a "hold" rating for the company.

SB Financial Group Stock Down 1.7 %

The stock has a market cap of $138.89 million, a price-to-earnings ratio of 12.00 and a beta of 0.77. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.41. The business's fifty day moving average is $20.77 and its two-hundred day moving average is $18.26.

SB Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.145 dividend. This is a boost from SB Financial Group's previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Friday, November 8th. SB Financial Group's dividend payout ratio (DPR) is presently 33.33%.

Hedge Funds Weigh In On SB Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in SBFG. Barclays PLC raised its holdings in SB Financial Group by 325.1% in the third quarter. Barclays PLC now owns 1,271 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 972 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of SB Financial Group by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 37,762 shares of the financial services provider's stock valued at $776,000 after purchasing an additional 1,876 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of SB Financial Group by 3.5% in 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 in the last quarter. Hedge funds and other institutional investors own 66.67% of the company's stock.

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.