SB Financial Group (SBFG) Declares $0.12 Dividend
SB Financial Group said on January 24, 2023 that its board of directors declared a regular quarterly dividend of $0.12 per share ($0.50 annualized). Shareholders of record as of February 9, 2023 will receive the payment on February 24, 2023. Previously, the company paid $0.12 per share.
At the current share price of $16.50 / share, the stock's dividend yield is 3.03%. Looking back five years and taking a sample every week, the average dividend yield has been 2.22%, the lowest has been 1.54%, and the highest has been 3.58%. The standard deviation of yields is 0.40 (n=233).
The current dividend yield is 2.03 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.28. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.38%, demonstrating that it has increased its dividend over time.
Analyst Price Forecast Suggests 23.64% Upside
As of January 31, 2023, the average one-year price target for SB Financial Group is $20.40. The forecasts range from a low of $20.20 to a high of $21.00. The average price target represents an increase of 23.64% from its latest reported closing price of $16.50.
The projected annual revenue for SB Financial Group is $43MM, a decrease of 24.52%. The projected annual EPS is $1.80, an increase of 0.43%.
Fund Sentiment
There are 78 funds or institutions reporting positions in SB Financial Group. This is an increase of just one owner(s) or 1.30% over the last quarter.
Average portfolio weight of all funds dedicated to US:SBFG is 0.1835%, a decrease of 6.7100%. Total shares owned by institutions decreased in the last three months by 0.28% to 4,040K shares.
What are large shareholders doing?
Alliancebernstein holds 511,004 shares representing 7.31% ownership of the company. In it's prior filing, the firm reported owning 495,712 shares, representing an increase of 2.99%. The firm decreased its portfolio allocation in SBFG by 9.67% over the last quarter.
Manufacturers Life Insurance Company, The holds 488,127 shares representing 6.99% ownership of the company. In it's prior filing, the firm reported owning 488,414 shares, representing a decrease of 0.06%. The firm decreased its portfolio allocation in SBFG by 2.10% over the last quarter.
Cutler Capital Management holds 396,066 shares representing 5.67% ownership of the company. In it's prior filing, the firm reported owning 397,943 shares, representing a decrease of 0.47%. The firm increased its portfolio allocation in SBFG by 16.73% over the last quarter.
FJ Capital Management holds 374,000 shares representing 5.35% ownership of the company. In it's prior filing, the firm reported owning 381,000 shares, representing a decrease of 1.87%. The firm increased its portfolio allocation in SBFG by 19.23% over the last quarter.
Strategic Value Bank Partners holds 311,034 shares representing 4.45% ownership of the company. In it's prior filing, the firm reported owning 310,862 shares, representing an increase of 0.06%. The firm decreased its portfolio allocation in SBFG by 15.94% over the last quarter.
SB Financial Group Background Information
(This description is provided by the company.)
Headquartered in Defiance, Ohio, SB Financial is a diversified financial services holding company for the State Bank & Trust Company (State Bank) and SBFG Title, LLC dba Peak Title (Peak Title). State Bank provides a full range of financial services for consumers and small businesses, including wealth management, private client services, mortgage banking and commercial and agricultural lending, operating through a total of 22 offices; 21 in nine Ohio counties and one in Fort Wayne, Indiana, and 23 full-service ATMs. State Bank has five loan production offices located throughout the Tri-State region of Ohio, Indiana and Michigan. Peak Title provides title insurance and opinions throughout the Tri-State region. SB Financial's common stock is listed on the NASDAQ Capital Market under the symbol 'SBFG'. In May 2020, SB Financial was ranked #125 on the American Banker Magazine's list of Top 200 Publicly Traded Community Banks and Thrifts based on three-year average return on equity ('ROE').
This story originally appeared on Fintel.