SB Financial Group Inc (NASDAQ:SBFG) announced a quarterly dividend on Tuesday, October 23rd, Wall Street Journal reports. Investors 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 yield of 1.83%. The ex-dividend date is Thursday, November 8th. This is an increase from SB Financial Group’s previous quarterly dividend of $0.08.
SB Financial Group has raised its dividend by an average of 20.5% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. SB Financial Group has a dividend payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect SB Financial Group to earn $1.70 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 20.0%.
SBFG stock traded down $0.39 during midday trading on Tuesday, hitting $18.57. The stock had a trading volume of 7,051 shares, compared to its average volume of 11,238. The stock has a market cap of $126.16 million, a price-to-earnings ratio of 12.65 and a beta of 0.57. SB Financial Group has a 52-week low of $17.00 and a 52-week high of $20.53. 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 (NASDAQ:SBFG) last issued its quarterly earnings results on Friday, October 19th. The financial services provider reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.01). The firm had revenue of $12.73 million during the quarter, compared to analysts’ expectations of $12.90 million. SB Financial Group had a return on equity of 11.01% and a net margin of 23.37%. Equities research analysts expect that SB Financial Group will post 1.51 earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut SB Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday.
About SB Financial Group
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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