SB Financial Group, Inc. (NASDAQ:SBFG) Short Interest Up 28.1% in November

SB Financial Group, Inc. (NASDAQ:SBFG) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 7,300 shares, a growth of 28.1% from the October 31st total of 5,700 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 12,100 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of SB Financial Group in a research report on Saturday, September 21st. They issued a “hold” rating on the stock.

SB Financial Group Stock Performance

Shares of NASDAQ:SBFG traded down $0.04 during midday trading on Friday, hitting $21.71. The stock had a trading volume of 9,752 shares, compared to its average volume of 13,599. The company has a market capitalization of $144.37 million, a PE ratio of 12.48 and a beta of 0.75. SB Financial Group has a 1 year low of $13.01 and a 1 year high of $22.00. The stock has a 50 day moving average price of $19.96 and a two-hundred day moving average price of $16.86. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41.

SB Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.67%. This is an increase from SB Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, November 8th. SB Financial Group’s dividend payout ratio is 33.33%.

Institutional Trading of SB Financial Group

Several hedge funds have recently modified their holdings of SBFG. Barclays PLC lifted 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 during the period. Princeton Capital Management LLC acquired a new stake in shares of SB Financial Group in the second quarter valued at about $146,000. Empowered Funds LLC boosted its holdings in SB Financial Group by 5.2% during the third quarter. Empowered Funds LLC now owns 37,762 shares of the financial services provider’s stock worth $776,000 after buying an additional 1,876 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in SB Financial Group by 3.5% during the third quarter. Geode Capital Management LLC now owns 71,076 shares of the financial services provider’s stock worth $1,462,000 after buying an additional 2,416 shares during the period. 66.67% of the stock is owned by institutional investors and hedge funds.

SB Financial Group Company Profile

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.