JCSD Capital LLC Purchases New Stake in SB Financial Group (SBFG)

JCSD Capital LLC purchased a new position in shares of SB Financial Group (NASDAQ:SBFG) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 183,070 shares of the financial services provider’s stock, valued at approximately $3,388,000. SB Financial Group comprises approximately 2.5% of JCSD Capital LLC’s investment portfolio, making the stock its 16th largest holding. JCSD Capital LLC owned about 2.80% of SB Financial Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the company. Pinnacle Holdings LLC lifted its position in shares of SB Financial Group by 1.8% during the fourth quarter. Pinnacle Holdings LLC now owns 183,180 shares of the financial services provider’s stock worth $3,387,000 after purchasing an additional 3,236 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of SB Financial Group by 111.4% during the fourth quarter. Renaissance Technologies LLC now owns 24,100 shares of the financial services provider’s stock worth $446,000 after purchasing an additional 12,700 shares during the last quarter. Cutler Capital Management LLC lifted its position in shares of SB Financial Group by 40.4% during the first quarter. Cutler Capital Management LLC now owns 17,000 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 4,895 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of SB Financial Group during the fourth quarter worth about $283,000. Finally, BlackRock Inc. lifted its position in shares of SB Financial Group by 263.0% during the fourth quarter. BlackRock Inc. now owns 5,895 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 4,271 shares during the last quarter. 15.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ SBFG opened at $18.60 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. SB Financial Group has a 52-week low of $15.61 and a 52-week high of $19.58. The stock has a market capitalization of $120.31 million, a price-to-earnings ratio of 12.20 and a beta of 0.54.

SB Financial Group (NASDAQ:SBFG) last issued its earnings results on Thursday, April 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.04. SB Financial Group had a net margin of 22.35% and a return on equity of 11.53%. The firm had revenue of $11.94 million for the quarter, compared to analysts’ expectations of $11.10 million. analysts anticipate that SB Financial Group will post 1.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $0.32 dividend on an annualized basis and a yield of 1.72%. This is a boost from SB Financial Group’s previous quarterly dividend of $0.08. SB Financial Group’s dividend payout ratio (DPR) is currently 21.77%.

SBFG has been the topic of several research analyst reports. ValuEngine raised shares of SB Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. FIG Partners reissued an “outperform” rating on shares of SB Financial Group in a report on Friday, February 16th.

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.

Institutional Ownership by Quarter for SB Financial Group (NASDAQ:SBFG)

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