Brokerages Set $21.00 Target Price for SB Financial Group Inc (NASDAQ:SBFG)

Shares of SB Financial Group Inc (NASDAQ:SBFG) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $21.00 for the company and are expecting that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also given SB Financial Group an industry rank of 145 out of 256 based on the ratings given to its competitors.

A number of research analysts have recently issued reports on SBFG shares. Zacks Investment Research raised SB Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. ValuEngine raised SB Financial Group from a “sell” rating to a “hold” rating in a research note on Monday, May 13th.

Shares of NASDAQ:SBFG opened at $16.66 on Friday. The company’s 50-day moving average is $17.13. SB Financial Group has a 12-month low of $16.05 and a 12-month high of $20.53. The company has a market capitalization of $107.46 million, a PE ratio of 11.03 and a beta of 0.73. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.20.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $11.90 million. As a group, research analysts expect that SB Financial Group will post 1.64 EPS for the current fiscal year.

In other news, Director George W. Carter bought 1,500 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was bought at an average cost of $17.99 per share, for a total transaction of $26,985.00. Following the completion of the acquisition, the director now owns 3,187 shares in the company, valued at approximately $57,334.13. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have bought 3,170 shares of company stock valued at $55,393. 4.10% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of SBFG. JCSD Capital LLC boosted its holdings in shares of SB Financial Group by 23.4% during the fourth quarter. JCSD Capital LLC now owns 286,944 shares of the financial services provider’s stock worth $4,720,000 after purchasing an additional 54,374 shares during the period. Punch & Associates Investment Management Inc. boosted its holdings in shares of SB Financial Group by 26.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 98,000 shares of the financial services provider’s stock worth $1,766,000 after purchasing an additional 20,486 shares during the period. Cutler Capital Management LLC boosted its holdings in shares of SB Financial Group by 15.3% during the fourth quarter. Cutler Capital Management LLC now owns 130,169 shares of the financial services provider’s stock worth $2,141,000 after purchasing an additional 17,302 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of SB Financial Group by 8.9% during the fourth quarter. Acadian Asset Management LLC now owns 24,449 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 2,004 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of SB Financial Group by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 112,565 shares of the financial services provider’s stock worth $1,852,000 after purchasing an additional 1,828 shares during the period. Institutional investors own 47.51% of the company’s stock.

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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