Stock BuybacksBy The Online Investor Staff, updated Tue., Feb. 18, 2:03 AM
|This Slide: #10 of 25|
Slide #10. SB Financial Group, Inc.
SB Financial Group, Inc. (NASDAQ:SBFG)
Share Amount Authorized:
SB Financial Group, Inc. (NASDAQ: SBFG) ("SB Financial" or the "Company"), a diversified financial services company providing full-service community banking, mortgage banking, and wealth management services, today announced 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 Group is a holding company. Through its direct and indirect subsidiaries, Co. is engaged in a variety of financial activities, including commercial banking, and wealth management services. Co.'s subsidiary, The State Bank and Trust Company, provides commercial banking services; automatic teller machines; commercial, consumer, agricultural and residential mortgage loans; personal and corporate trust services; commercial leasing; bank credit card services; safe deposit box rentals; Internet banking; private client group services; and other personalized banking services. Co.'s RFCBC, Inc. subsidiary operates as a loan subsidiary in servicing and working out problem loans.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 83% of all stocks covered)
Based on Zacks ABR data;
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