Brean Capital Initiates Buy Rating on SB Financial Group (SBBX) with $24 Price Target

Based on the research note from Brean Capital following the resumption of coverage on February 13, 2026, the investment rationale driving the

on SB Financial Group includes the following key factors [1]:

Brean Capital has lifted its 2026 EPS estimate to , which is above the consensus estimate of $2.38, with 2027 EPS projected at . This improvement is driven by:

• Lower credit costs
• Modestly higher net-interest income stemming from a larger balance sheet

Management’s disciplined approach to lending and a larger loan book are expected to support future growth and profitability.

The firm’s strong asset-quality oversight and disciplined expense control are seen as key strengths that can offset any potential dip in mortgage earnings.

Brean Capital set a

, representing approximately from the current stock price of $21.09. The valuation case is supported by [1]:

Metric	Value
P/E Ratio	9.7 (attractive vs. peers)
PEG Ratio	0.34 (indicates significant growth potential)
Market Cap	$132.23 million
Dividend Yield	2.96%

SB Financial Group has demonstrated a

, with the most recent dividend growth of , adding income appeal for investors [1].

The Buy rating is also supported by the company’s recent solid performance, including

(beating expectations) and revenue of [1].

Brean Capital views SB Financial Group as a

with solid earnings momentum, a disciplined cost structure, and a favorable valuation profile. The combination of improved earnings outlook, strong balance sheet growth, attractive valuation metrics (low P/E and PEG ratios), and a consistent dividend track record underlies the .

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[1] Investing.com - “Brean Capital resumes SB Financial Group stock coverage with Buy rating” (https://www.investing.com/news/analyst-ratings/brean-capital-resumes-sb-financial-group-stock-coverage-with-buy-rating-93CH-4505272)