SB Financial Group Now Under StockNews.com's Radar with New Coverage

Financial analysts at StockNews.com have commenced coverage on SB Financial Group (NASDAQ:SBFG), starting off with a neutral 'hold' rating for the company's shares. This has been part of recent updates from the equity research firm, drawing investor attention to SB Financial's performance in the market.

SB Financial Group Stock Performance

The trading of SB Financial Group's stock began at $13.81 on the coverage initiation day. Investors might note the stock's movement in relation to its averages, with the 50-day simple moving around $15.18 and the 200-day standing at $14.30. SB Financial Group boasts a market cap of roughly $93.94 million, has a Price-to-Earnings (PE) ratio of 7.89, and experiences a beta of 0.71. Financial stability can be observed through its quick ratio of 0.90, a current ratio of 0.91, and a debt-to-equity ratio of 0.70. The company's shares have seen a low of $11.82 and a peak of $17.30 over the past twelve months.

The announced quarterly earnings on January 25th showed that SB Financial Group outperformed with earnings per share (EPS) of $0.57, exceeding the expectations by $0.22 compared to the $0.35 consensus. This translates to a significant return on equity of 10.41% and a net margin of 15.94%. With reported revenue reaching $15.12 million for the quarter, it surpassed analyst predictions of $13.40 million. Predictions hinge on an EPS of $1.49 for the company's current fiscal year.

Institutional Trading of SB Financial Group

Changes in investment positions in SBFG have also been highlighted, with various hedge funds adjusting their holdings. Acadian Asset Management LLC initiated a new stake valued at approximately $52,000. UBS Group AG increased its shares by 18.2%, now owning 9,309 shares valued at around $161,000. Jane Street Group LLC, Susquehanna International Group LLP, and HRT Financial LP are among other institutional investors who have recently invested in SB Financial Group, evidencing a brisk trade in the company's stocks. Collectively, institutional investors and hedge funds hold 49.93% of the stock.

About SB Financial Group

SB Financial Group, Inc. spearheads commercial banking and wealth management services, especially through the State Bank and Trust Company. The company primarily serves Ohio, Indiana, and Michigan with products that include various account types and comprehensive loan services. The institution is dedicated to a variety of clientele, encompassing individual and corporate customers, offering essentials such as checking and savings accounts, and extending to more complex services like commercial and residential mortgage loans.

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