Notable News Spotlight: SB Financial Group (NASDAQ:SBFG)

SB Financial Group (NASDAQ:SBFG) changed 0.30% to recent value of $20.01. The stock transacted 60846 shares during most recent day however it has an average volume of 4.92K shares. It spotted trading -1.19% off 52-week high price. On the other end, the stock has been noted 26.97% away from the low price over the last 52-weeks.

On Jan. 7, 2020, SB Financial Group (NASDAQ:SBFG) a diversified financial services company providing full-service community banking, mortgage banking, and wealth management services, declared that its board of directors has authorized the extension of the Company’s share repurchase program through December 31, 2020.  Pursuant to the share repurchase program, which was originally announced by the Company on June 21, 2019, and expired in December 2019, the Company was authorized to purchase up to an aggregate of 400,000 common shares.  A total of approximately 210,000 common shares of the Company have been purchased to date, with approximately 190,000 remaining shares authorized for repurchase under the program, as extended. The repurchased shares will be held as Treasury shares and will be available for general corporate purposes.

SB Financial will repurchase shares at times and at prices considered appropriate by management, although the exact timing of the repurchases and the number of common shares to be purchased will depend on market conditions and other factors. These purchases may be commenced or suspended at any time or periodically without prior notice and the exact number of shares to be repurchased by the Company is not guaranteed.

SBFG has an operating margin of 77.00% while its profit margin remained 22.40% for the last 12 months. Its earnings per share (EPS) expected to touch remained 4.90% for this year.

The company has 7.78M of outstanding shares and 7.15M shares were floated in the market.  The price moved ahead of 4.42% from the mean of 20 days, 5.55% from mean of 50 days SMA and performed 14.81% from mean of 200 days price. Company’s performance for the week was 4.55%, 4.98% for month and YTD performance remained 1.63%.

Leave a Reply

Your email address will not be published. Required fields are marked *