Item 5. Market for Registrant’s Common Equity
Item 5 .
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities .
Market Information
Our common shares are traded on the NASDAQ Capital Market under the symbol “SBFG”. There were 6,884,330 common shares outstanding as of December 31, 2021, which were held by approximately 1,203 record holders.
The Company paid quarterly dividends on its common shares in the aggregate amounts of $0.44 per share and $0.40 per share in 2021 and 2020, respectively. The Company presently anticipates continuing to pay quarterly dividends in the future at similar levels. However, there is no guarantee that dividends on our common shares will continue in the future.
Payment of dividends by State Bank may be restricted at any time at the discretion of the regulatory authorities, if they deem such dividends to constitute an unsafe and/or unsound banking practice. These provisions could have the effect of limiting the Company’s ability to pay dividends on its outstanding shares. Moreover, the Federal Reserve Board expects the Company to serve as a source of strength to its subsidiary banks, which may require it to retain capital for further investment in State Bank, rather than for dividends to shareholders of the Company. The Company’s ability to pay dividends on its shares is also conditioned upon the payment, on a current basis, of quarterly interest payments on the subordinated debentures underlying the Company’s trust preferred securities. In addition, under the terms of the Company’s fixed-to-floating rate subordinated debt, the Company’s ability to pay dividends on its shares is conditioned upon the Company continuing to make required principal and interest payments, and not incurring an event of default, with respect to the subordinated debt.
Period Ending
Index
12/31/16
12/31/17
12/31/18
12/31/19
12/31/20
12/31/21
SB Financial Group, Inc.
100.00
117.09
105.96
129.49
123.36
135.95
NASDAQ Composite Index
100.00
129.64
125.96
172.18
249.51
304.85
KBW NASDAQ Bank Index
100.00
118.59
97.58
132.84
119.14
164.80
Source: S&P Global Market Intelligence © 2022
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The table below reflects the common shares repurchased by the Company during the three months ended December 31, 2021. As of December 31, 2021, the Company had 495,639 shares remaining of the 750,000 approved under the Company’s existing share repurchase program which was authorized on May 25, 2021 and expires May 31, 2022.
Period
(a)
Total Number of
Shares Purchased
(b)
Weighted Average
Price Paid per
Share
(c)
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
(d)
Maximum Number
of Shares that May
Yet be Purchased
Under the Plans or
Programs
10/01/21 - 10/31/21
16,926
$
18.36
16,926
522,332
11/01/21 - 11/30/21
9,316
19.02
9,316
513,016
12/01/21 - 12/31/21
17,377
19.05
17,377
495,639
Totals
43,619
$
18.78
43,619
495,639
Item 6 .
[Reserved] .
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