SB Financial Group, Inc. (NASDAQ:SBFG) Announces Dividend Increase – $0.14 Per Share

SB Financial Group, Inc. (NASDAQ:SBFG) announced a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Friday, May 10th will be paid 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 dividend yield of 4.15%. The ex-dividend date of this dividend 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% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. SB Financial Group has a dividend payout ratio of 37.1% meaning its dividend is sufficiently covered by earnings. Research 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 business has a 50-day moving average of $13.69 and a 200-day moving average of $14.20. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $91.73 million, a price-to-earnings 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.

Analysts Set New Price Targets

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

About SB Financial Group

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.