SB Financial Group

SBFG • NASDAQ

SB Financial Group is a banks - regional company in the financial services sector on NASDAQ, led by Mark A. Klein, with a market cap of $145.1M. As of Q3 2025, 54% of shares are held by 73 institutional investors, with MANUFACTURERES LIFE INSURANCE CO as the largest holder at 7.5%.

Chairman, President and CEOMark A. Klein

Market Cap$145.1M

Banks - Regional

Financial Services

Employees251.0

Websiteyourstatebank.com

Country

United States of America

Overview

Overview of institutional ownership in SBFG as of Q3 2025 with a market cap of $122.1M

All Institutions

Institutions: 73
Value Held: $65.7M
Shares Held: 3.4M
Avg Position: $899.7K
Median Position: $160.0K

Hedge Funds

Hedge Funds: 10
Value Held: $15.9M
Shares Held: 825.8K
Avg Position: $1.6M
Median Position: $431.4K

Ownership Breakdown

Institutional (non-HF)

40.74%

$49.7M

Hedge Funds

13.04%

$15.9M

Retail & Other

46.22%

$56.4M

Based on market cap of $122.1M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in SBFG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
M MANUFACTURERES LIFE INSURANCE CO Institution	-	$9.2M 0.01% of portfolio	7.50% 474.9K shares	Q1 2018 Held for 7y 8m	$120.17B
Cutler Capital Management, LLC Hedge Fund•Convert Bond Arb	Geoffrey Kristopher Allan Dancey President	$7.6M 3.67% of portfolio	6.19% 391.7K shares	Q3 2016 Held for 9y 2m	$205.9M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$7.2M 0.00% of portfolio	5.89% 373.2K shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$6.9M 0.00% of portfolio	5.65% 357.5K shares	Q1 2017 Held for 8y 8m	$5.67T
STRATEGIC VALUE BANK PARTNERS LLC Hedge Fund•Value	Josh Kaye CCO	$5.4M 3.83% of portfolio	4.40% 278.8K shares	Q4 2021 Held for 3y 11m	$140.6M
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$3.6M 0.00% of portfolio	2.96% 187.2K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
P Petiole USA ltd Institution	-	$3.4M 2.35% of portfolio	2.78% 176.1K shares	Q4 2021 Held for 3y 11m	$144.8M
Pinnacle Holdings, LLC RIA/Wealth	David Monroe Poarch Managing Partner	$3.0M 1.23% of portfolio	2.48% 156.9K shares	≤ Q2 2013 Held for 12y 5m+	$246.2M
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$2.8M 0.00% of portfolio	2.28% 144.7K shares	Q1 2018 Held for 7y 8m	$1.57T
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	John Noland Ryan Montgomery CEO	$1.6M 0.03% of portfolio	1.29% 81.5K shares	Q1 2016 Held for 9y 8m	$4.7B

Net Capital Flow

Institutional buying and selling activity for SBFG in Q3 2025

Traded: −$2.4M
Buyers: 42
Sellers: 18
Total Bought: +$5.5M
Total Sold: −$7.8M
Avg Position: $853.0K

Biggest Buyers

Institution	Net Bought	Current Position
B BlackRock, Inc. Institution	+$1.2M +64.3K shares	$6.9M 357.5K shares
GOLDMAN SACHS GROUP INC Institution	+$535.1K +27.7K shares	$794.7K 41.2K shares
Marshall Wace LLP Institution	+$475.5K +24.7K shares	$863.1K 44.7K shares
Valmark Advisers, Inc. RIA/Wealth	+$438.9K +22.8K shares	$438.9K 22.8K shares
H HSBC HOLDINGS PLC Institution	+$387.9K +19.9K shares	$387.9K 19.9K shares
BARCLAYS PLC Institution	+$365.6K +19.0K shares	$609.5K 31.6K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$258.3K +13.4K shares	$685.3K 35.5K shares
BANK OF AMERICA CORP /DE/ Institution	+$254.5K +13.2K shares	$305.8K 15.9K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$213.3K +11.1K shares	$213.3K 11.1K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$202.0K +10.5K shares	$202.0K 10.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
FJ Capital Management LLC Hedge Fund•Long/Short	−$5.1M −265.8K shares	Sold Off 0 shares
STRATEGIC VALUE BANK PARTNERS LLC Hedge Fund•Value	−$1.4M −74.0K shares	$5.4M 278.8K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$735.1K −38.5K shares	Sold Off 0 shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$111.0K −5.8K shares	$214.2K 11.1K shares
NORTHERN TRUST CORP Institution	−$80.6K −4.2K shares	$1.0M 52.2K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	−$79.7K −4.1K shares	$2.8M 144.7K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$77.7K −4.0K shares	$571.7K 29.6K shares
UBS Group AG Institution	−$65.1K −3.4K shares	$42.8K 2.2K shares
VANGUARD GROUP INC Institution	−$51.5K −2.7K shares	$7.2M 373.2K shares
N NEW YORK STATE COMMON RETIREMENT FUND Institution	−$44.4K −2.3K shares	$63.7K 3.3K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited SBFG in Q3 2025

New Positions: 12
New Value: $1.3M
Exited Positions: 4
Exited Value: $5.9M

New Positions

Institution	Position Value
Valmark Advisers, Inc. RIA/Wealth	$438.9K 22.8K shares
H HSBC HOLDINGS PLC Institution	$387.9K 19.9K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$213.3K 11.1K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$202.0K 10.5K shares
P Police & Firemen's Retirement System of New Jersey Institution	$29.6K 1.5K shares
CWM, LLC RIA/Wealth	$13.0K 675.0 shares
SRS Capital Advisors, Inc. RIA/Wealth	$3.0K 153.0 shares
C Covestor Ltd Institution	$1.0K 27.0 shares
WHITTIER TRUST CO RIA/Wealth	$384.0 20.0 shares
Hanson McClain, Inc. RIA/Wealth	$309.0 16.0 shares

Exited Positions

Institution	Previous Position
FJ Capital Management LLC Hedge Fund•Long/Short	$5.1M 265.8K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$735.1K 38.5K shares
PNC FINANCIAL SERVICES GROUP, INC. Institution	$36.3K 1.9K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$6.9K 359.0 shares

Options Activity

Institutions with the largest Call and Put options positions in SBFG as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with SBFG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
STRATEGIC VALUE BANK PARTNERS LLC Hedge Fund•Value	Josh Kaye CCO	3.83% $5.4M	4.40% 278.8K shares	Q4 2021 Held for 3y 11m	$140.6M
Cutler Capital Management, LLC Hedge Fund•Convert Bond Arb	Geoffrey Kristopher Allan Dancey President	3.67% $7.6M	6.19% 391.7K shares	Q3 2016 Held for 9y 2m	$205.9M
P Petiole USA ltd Institution	-	2.35% $3.4M	2.78% 176.1K shares	Q4 2021 Held for 3y 11m	$144.8M
Pinnacle Holdings, LLC RIA/Wealth	David Monroe Poarch Managing Partner	1.23% $3.0M	2.48% 156.9K shares	≤ Q2 2013 Held for 12y 5m+	$246.2M
HUDSON CANYON INVESTMENT COUNSELORS LLC Hedge Fund•Long/Short	Joseph Cajigal CEO	0.06% $220.1K	0.18% 11.4K shares	Q2 2024 Held for 1y 5m	$373.0M
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	John Noland Ryan Montgomery CEO	0.03% $1.6M	1.29% 81.5K shares	Q1 2016 Held for 9y 8m	$4.7B
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	David Khabie-Zeitoune CEO	0.03% $291.1K	0.24% 15.1K shares	Q2 2025 Held for 5 months	$1.1B
G GENDELL JEFFREY L Institution	-	0.02% $892.9K	0.73% 46.3K shares	Q4 2014 Held for 10y 11m	$5.5B
Venture Visionary Partners LLC RIA/Wealth	Craig Douglas Findley CEO	0.02% $460.2K	0.38% 23.9K shares	Q1 2021 Held for 4y 8m	$2.9B
SJS Investment Consulting Inc. RIA/Wealth	Scott John Savage CEO	0.01% $73.2K	0.06% 3.8K shares	Q3 2022 Held for 3y 2m	$726.8M

Hedge Fund Spotlight

Discover hedge funds investing in SBFG

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Gary Kabiller

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in SB Financial Group

Market Value: $202.0K
Shares Held: 10.5K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

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