We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SB Financial (SBFG) Rewards Investors With New Buyback Plan
Read MoreHide Full Article
SB Financial Group, Inc. (SBFG - Free Report) is rewarding shareholders with an enhanced capital-deployment plan. The company’s board of directors has authorized the repurchase of 750,000 shares, which accounts for nearly 10% of its common shares. The authorization expires on Mar 31, 2022.
Following the announcement last week, shares of SB Financial have declined 1%.
Earlier in June 2019, the company had announced a share-repurchase program to buy back 400,000 common shares. The plan expired on Dec 31, 2020.
In addition to share repurchases, the company pays cash dividends on a quarterly basis. In May, SB Financial paid a quarterly cash dividend of 11 cents per share, marking a hike of 4.8% from the prior payout. Considering last day’s closing price of $19.80, the dividend yield currently stands at 2.2%. This yield seems quite attractive to income investors.
Notably, SB Financial has been increasing its quarterly dividend on a regular basis. Prior to the current hike, the company had announced a 5% hike to 10.5 cents per share in November 2020.
Over the past six months, shares of SB Financial have rallied 7.1%, underperforming the industry’s rally of 43.3%.
Several banks have announced new share-repurchase programs in recent months. Some of these are City Holding Company (CHCO - Free Report) , Cathay General Bancorp (CATY - Free Report) and Civista Bancshares, Inc. (CIVB - Free Report) .
City Holding authorized the buyback of up to 1 million shares or 6% of its outstanding shares, with no expiration date. Cathay General’s board of directors has authorized the repurchase of up to $75 million worth of shares with no expiration date. Further, Civista Bancshares’ board of directors has authorized buyback of up to $13.5 million of its outstanding shares.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Image: Bigstock
SB Financial (SBFG) Rewards Investors With New Buyback Plan
SB Financial Group, Inc. (SBFG - Free Report) is rewarding shareholders with an enhanced capital-deployment plan. The company’s board of directors has authorized the repurchase of 750,000 shares, which accounts for nearly 10% of its common shares. The authorization expires on Mar 31, 2022.
Following the announcement last week, shares of SB Financial have declined 1%.
Earlier in June 2019, the company had announced a share-repurchase program to buy back 400,000 common shares. The plan expired on Dec 31, 2020.
In addition to share repurchases, the company pays cash dividends on a quarterly basis. In May, SB Financial paid a quarterly cash dividend of 11 cents per share, marking a hike of 4.8% from the prior payout. Considering last day’s closing price of $19.80, the dividend yield currently stands at 2.2%. This yield seems quite attractive to income investors.
Notably, SB Financial has been increasing its quarterly dividend on a regular basis. Prior to the current hike, the company had announced a 5% hike to 10.5 cents per share in November 2020.
Over the past six months, shares of SB Financial have rallied 7.1%, underperforming the industry’s rally of 43.3%.
Image Source: Zacks Investment Research
Currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Banks Making Similar Moves
Several banks have announced new share-repurchase programs in recent months. Some of these are City Holding Company (CHCO - Free Report) , Cathay General Bancorp (CATY - Free Report) and Civista Bancshares, Inc. (CIVB - Free Report) .
City Holding authorized the buyback of up to 1 million shares or 6% of its outstanding shares, with no expiration date. Cathay General’s board of directors has authorized the repurchase of up to $75 million worth of shares with no expiration date. Further, Civista Bancshares’ board of directors has authorized buyback of up to $13.5 million of its outstanding shares.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Today, Download Marijuana Moneymakers FREE >>