SB Financial Group, Inc. (NASDAQ:SBFG) Increases Dividend to $0.14 Per Share

SB Financial Group, Inc. (NASDAQ:SBFG) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Shareholders of record on Friday, May 10th will be given a dividend of 0.14 per share by the financial services provider on Friday, May 24th. This represents a $0.56 annualized dividend and a yield of 4.15%. The ex-dividend date is Thursday, May 9th. This is an increase from SB Financial Group’s previous quarterly dividend of $0.14.

SB Financial Group has raised its dividend payment by an average of 10.9% annually over the last three years and has raised its dividend every year for the last 11 years. SB Financial Group has a dividend payout ratio of 37.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect SB Financial Group to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 37.1%.

SB Financial Group Stock Up 0.1 %

Shares of NASDAQ SBFG opened at $13.51 on Wednesday. The firm’s 50-day moving average is $13.69 and its two-hundred day moving average is $14.20. The company has a market capitalization of $91.73 million, a PE ratio of 7.72 and a beta of 0.68. SB Financial Group has a 12-month low of $11.82 and a 12-month high of $16.25. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.94 and a quick ratio of 0.93.

Analyst Ratings Changes

Separately, StockNews.com began coverage on SB Financial Group in a research note on Wednesday. They issued a “hold” rating on the stock.

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.