Alert: Positive Investment/Fundamental Signals (12/8/23)-SB Financial Group Inc (NASDAQ: SBFG)

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SB Financial Group Inc (NASDAQ: SBFG) has benefited from exceptional positive changes in investment behavior: the stock rose on very heavy volume, and its shorter term price trend turned up.

SB Financial Group Inc (NASDAQ: SBFG) has recently enjoyed important positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, and the stock’s power rating rose above 70.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

SBFG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

SB Financial Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. SB Financial Group has a neutral Appreciation Score of 56 but a good Power Rating of 71, resulting in the Positive Value Trend Rating.

Recent Price Action

SB Financial Group Inc (NASDAQ: SBFG) stock rose modestly by 0.5% on 12/8/23. The stock closed at $14.94. Moreover, this advance was accompanied by exceptionally high trading volume at 223% of normal. The stock has been strong relative to the market over the last nine months and has risen 9.8% during the last week.

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