SB Financial Group Inc (SBFG) Declares Dividend Increase – $0.09 Per Share

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SB Financial Group Inc (NASDAQ:SBFG) announced a quarterly dividend on Tuesday, October 23rd, Wall Street Journal reports. Stockholders of record on Friday, November 9th will be paid a dividend of 0.085 per share by the financial services provider on Friday, November 23rd. This represents a $0.34 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, November 8th. This is a boost from SB Financial Group’s previous quarterly dividend of $0.08.

SB Financial Group has raised its dividend payment by an average of 20.5% per year over the last three years and has increased its dividend every year for the last 2 years. SB Financial Group has a payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect SB Financial Group to earn $1.68 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 20.2%.

Shares of SBFG stock opened at $17.88 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.24. SB Financial Group has a 12-month low of $17.00 and a 12-month high of $20.53. The firm has a market cap of $116.21 million, a PE ratio of 12.16 and a beta of 0.69.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings data on Friday, October 19th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.01). SB Financial Group had a return on equity of 11.01% and a net margin of 23.37%. The company had revenue of $12.73 million for the quarter, compared to the consensus estimate of $12.90 million. On average, research analysts anticipate that SB Financial Group will post 1.5 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on SBFG shares. Zacks Investment Research downgraded shares of SB Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. ValuEngine downgraded shares of SB Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd.

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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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