SB Financial Group Inc (SBFG) Raises Dividend to $0.09 Per Share

SB Financial Group Inc (NASDAQ:SBFG) declared a quarterly dividend on Wednesday, April 17th, Fidelity reports. Investors of record on Friday, May 10th will be given a dividend of 0.09 per share by the financial services provider on Friday, May 24th. This represents a $0.36 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, May 9th. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.09.

SB Financial Group has increased its dividend payment by an average of 17.0% annually over the last three years and has increased its dividend every year for the last 3 years. SB Financial Group has a payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect SB Financial Group to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 20.6%.

NASDAQ:SBFG traded down $0.02 during mid-day trading on Thursday, reaching $17.52. The stock had a trading volume of 44 shares, compared to its average volume of 13,619. SB Financial Group has a fifty-two week low of $16.05 and a fifty-two week high of $20.53. The company has a market capitalization of $113.00 million, a P/E ratio of 11.60 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.00 and a current ratio of 1.00.

SB Financial Group (NASDAQ:SBFG) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. SB Financial Group had a return on equity of 10.45% and a net margin of 20.19%. The firm had revenue of $11.34 million for the quarter, compared to the consensus estimate of $11.90 million. As a group, sell-side analysts forecast that SB Financial Group will post 1.64 earnings per share for the current fiscal year.

In related news, Director George W. Carter bought 1,500 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was purchased at an average price of $17.99 per share, with a total value of $26,985.00. Following the completion of the transaction, the director now directly owns 3,187 shares of the company’s stock, valued at $57,334.13. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.10% of the stock is owned by corporate insiders.

SBFG has been the topic of a number of research reports. ValuEngine upgraded SB Financial Group from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Zacks Investment Research raised SB Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th.

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SB Financial Group Company Profile

SB Financial Group, Inc, through its subsidiaries, provides range of banking and wealth management services to individual and corporate customers primarily in northwest Ohio and northeast Indiana. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit.

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Dividend History for SB Financial Group (NASDAQ:SBFG)

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