NasdaqCM:SBFG.P

Stock Analysis Report

Executive Summary

SB Financial Group, Inc., through its subsidiaries, provides a range of commercial banking and wealth management services to individual and corporate customers primarily in Ohio, Indiana, and Michigan.

Snowflake

Fundamentals

Flawless balance sheet and undervalued.

Risks

  • SB Financial Group is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has SB Financial Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.6%

NasdaqCM:SBFG.P

0.3%

US Banks

0.9%

US Market


1 Year Return

-23.2%

NasdaqCM:SBFG.P

-13.6%

US Banks

0.3%

US Market

SBFG.P underperformed the Banks industry which returned -13.6% over the past year.

SBFG.P underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

SBFG.PIndustryMarket
7 Day-2.6%0.3%0.9%
30 Day-4.1%-5.1%-1.9%
90 Day-9.1%-3.5%1.6%
1 Year-20.5%-23.2%-11.2%-13.6%2.6%0.3%
3 Year42.1%26.6%43.6%33.7%41.0%31.8%
5 Yearn/a53.7%37.0%55.2%38.0%

Price Volatility Vs. Market

How volatile is SB Financial Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is SB Financial Group undervalued based on future cash flows and its price relative to the stock market?

22%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

SB Financial Group's share price is below the future cash flow value, and at a moderate discount (> 20%).

SB Financial Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

SB Financial Group is good value based on earnings compared to the US Banks industry average.

SB Financial Group is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

SB Financial Group is good value based on expected growth next year.


Price Based on Value of Assets

SB Financial Group is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is SB Financial Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

15.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

SB Financial Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

SB Financial Group's earnings are expected to grow by 15.9% yearly, however this is not considered high growth (20% yearly).

SB Financial Group's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

SB Financial Group's earnings growth is expected to exceed the United States of America market average.

SB Financial Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if SB Financial Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has SB Financial Group performed over the past 5 years?

16.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

SB Financial Group's year on year earnings growth rate has been positive over the past 5 years.

SB Financial Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.

SB Financial Group's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

SB Financial Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

SB Financial Group used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if SB Financial Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is SB Financial Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

SB Financial Group has an acceptable proportion of non-loan assets held.

SB Financial Group has a sufficient allowance for bad loans.

SB Financial Group's liabilities are made up of primarily low risk sources of funding.

SB Financial Group's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at SB Financial Group are broadly funded by customer deposits.

SB Financial Group has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is SB Financial Group's current dividend yield, its reliability and sustainability?

2.36%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase SB Financial Group before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

SB Financial Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

SB Financial Group's dividend is below the markets top 25% of dividend payers in United States of America (3.83%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

No dividend growth in 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.5x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of SB Financial Group's salary, the management and board of directors tenure and is there insider trading?

9.5yrs

Average management tenure


CEO

Mark Klein (64yo)

9.6yrs

Tenure

US$689,254

Compensation

Mr. Mark A. Klein serves as the President and Chief Executive Officer of State Bank and Trust Company (“State Bank”) since 2006, and as President and Chief Executive Officer of SB Financial Group, Inc. sin ...


CEO Compensation Analysis

Mark's remuneration is higher than average for companies of similar size in United States of America.

Mark's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

9.5yrs

Average Tenure

57yo

Average Age

The average tenure for the SB Financial Group management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

6.0yrs

Average Tenure

64yo

Average Age

The tenure for the SB Financial Group board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Keeta Diller (63yo)

    Corporate Secretary

    • Tenure: 0.0yrs
  • Mark Klein (64yo)

    Chairman

    • Tenure: 9.6yrs
    • Compensation: US$689.25k
  • Jon Gathman (45yo)

    Executive VP & Senior Lending Officer

    • Tenure: 13.8yrs
    • Compensation: US$267.68k
  • Tony Cosentino (57yo)

    Executive VP & CFO

    • Tenure: 9.4yrs
    • Compensation: US$328.19k
  • Melissa Martin

    Executive of Investor Relations

    • Tenure: 0.0yrs
  • J. Gaytan (47yo)

    Executive VP and Chief Technology Innovation & Operations Officer

    • Tenure: 1.1yrs
    • Compensation: US$254.35k
  • Scott Armey

    Senior VP & Human Resources Manager

    • Tenure: 0.0yrs

Board Members

  • Dick Hardgrove (80yo)

    Lead Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$62.27k
  • Bob Fawcett (77yo)

    Director

    • Tenure: 27.6yrs
    • Compensation: US$45.52k
  • Rita Kissner (73yo)

    Independent Director

    • Tenure: 14.9yrs
    • Compensation: US$47.10k
  • Mark Klein (64yo)

    Chairman

    • Tenure: 9.6yrs
    • Compensation: US$689.25k
  • Gaylyn Finn (70yo)

    Director

    • Tenure: 9.5yrs
    • Compensation: US$52.12k
  • Tim Stolly (61yo)

    Director

    • Tenure: 9.0yrs
    • Compensation: US$46.77k
  • George Carter (59yo)

    Director

    • Tenure: 6.0yrs
    • Compensation: US$46.12k
  • William Martin (52yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: US$45.60k
  • Tom Helberg (59yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: US$28.58k

Company Information

SB Financial Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SB Financial Group, Inc.
  • Ticker: SBFG.P
  • Exchange: NasdaqCM
  • Founded: 1983
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$104.774m
  • Shares outstanding: 6.51m
  • Website: https://www.yoursbfinancial.com

Number of Employees


Location

  • SB Financial Group, Inc.
  • 401 Clinton Street
  • PO Box 467
  • Defiance
  • Ohio
  • 43512
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBFGNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDJul 1995
SBFG.PNasdaqCM (Nasdaq Capital Market)DEP SHS PFD 6.5%USUSDJan 2015

Biography

SB Financial Group, Inc., through its subsidiaries, provides a range of commercial banking and wealth management services to individual and corporate customers primarily in Ohio, Indiana, and Michigan. The ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 01:01
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.