Sb financial group director sells shares worth over $28,000

In a recent transaction, Richard L. Hardgrove, a director of SB Financial Group, Inc. (NASDAQ:SBFG), sold 1,692 shares of the company's common stock at a price of $16.75 per share. The total value of the transaction amounted to $28,341.

This sale was disclosed in a filing with the Securities and Exchange Commission on September 5, 2024. Following the transaction, Hardgrove's direct holdings in SB Financial Group decreased to 14,996 shares. The sale occurred at a uniform price, providing a clear indication of the stock's value at the time of the transaction.

Investors often monitor insider buying and selling as it can provide insights into the company's financial health and future prospects, as seen through the eyes of its executives and directors. Transactions like these are common and are reported regularly for publicly traded companies.

SB Financial Group, based in Defiance, Ohio, is a financial institution that operates primarily within the state commercial banks industry. The reporting of this sale is part of the routine disclosures that company insiders are required to make when there is a change in their holdings of the company's stock.

In other recent news, SB Financial Group, Inc. has reported a steady rise in its second-quarter earnings for 2024. The company's net income increased by 1.2% to $3.1 million, and diluted earnings per share rose to $0.47, marking a 6.8% improvement from the same period last year. Despite a slight decrease in net interest income, there was growth in total loans and an expanded deposit base.

Furthermore, mortgage banking revenue surged by 18.8% to $1.8 million. SB Financial is realigning its investment portfolio to enhance liquidity and asset diversity, with plans to reduce its investment portfolio to 12% by late 2025. The company's executives expressed optimism about loan growth, mortgage volume, and margin improvement, anticipating an increase in mortgage volume based on interest rate projections and expansion in the multi-family housing market. However, a slight uptick in delinquencies has been observed, though the company remains confident in its credit culture. These are recent developments and will be closely monitored by investors and market watchers.

InvestingPro Insights

SB Financial Group, Inc. (NASDAQ:SBFG) has been a subject of interest for investors, especially following the recent insider stock sale by director Richard L. Hardgrove. As stakeholders evaluate the implications of such transactions, it's crucial to consider key financial metrics and analyst insights that can shed light on the company's current standing and future outlook.

Presently, SB Financial Group boasts a market capitalization of approximately $117.81 million, reflecting its size and significance within the financial sector. The company's Price-to-Earnings (P/E) ratio stands at 9.69, and when adjusted for the last twelve months as of Q2 2024, it shows a slight increase to 9.78. Despite concerns over near-term earnings growth, as indicated by a high P/E ratio, the company has demonstrated a strong return over the last three months with a 25.66% price total return, underlining its recent market performance.

An InvestingPro Tip that stands out is SB Financial Group's consistent history of dividend payments, having maintained them for 12 consecutive years. This could be a reassuring sign for income-focused investors, particularly when considering the company's dividend yield of 3.3% as of the latest data. Additionally, the company has raised its dividend, with a growth of 7.69% over the last twelve months, pointing to a commitment to returning value to shareholders.

However, it's not all positive news. Analysts are anticipating a sales decline in the current year, with a reported revenue growth of -1.3% over the last twelve months. This, coupled with weak gross profit margins, could signal challenges ahead for SB Financial Group. Despite this, analysts predict the company will remain profitable this year, which may offer some consolation to concerned investors.

For those seeking a more comprehensive analysis, InvestingPro offers additional tips and insights. There are 9 more InvestingPro Tips available for SB Financial Group, providing a deeper dive into the company's financial health and market potential. These can be accessed through the InvestingPro platform.

With the next earnings date scheduled for October 28, 2024, stakeholders will be keenly awaiting further disclosures. The company's fair value, as assessed by analysts, is currently pegged at $17, closely aligned with the InvestingPro Fair Value estimate of $17.67. Keeping an eye on these assessments can help investors make informed decisions as they navigate SB Financial Group's future in the market.

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