Vault-13

SB FINL GROUP INC SBFG

COM · Common Stock · CUSIP 78408D105

41 institutional holders +4 vs Q1 2024
3,325,1683.3m shares reported held*
$46.6mreported value*
4 new 7 added 9 reduced 0 sold out net sold ≈ $57.6k (-4.1k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($502.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.00.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 37Q4 22: 40Q1 23: 42Q2 23: 39Q3 23: 39Q4 23: 39Q1 24: 37Q2 24: 4141Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202237
Q4 202240
Q1 202342
Q2 202339
Q3 202339
Q4 202339
Q1 202437
Q2 202441

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q4 22: 14 bought or addedQ4 22: 11 cut or sold outQ4 22Q1 23: 17 bought or addedQ1 23: 12 cut or sold outQ2 23: 12 bought or addedQ2 23: 15 cut or sold outQ2 23Q3 23: 13 bought or addedQ3 23: 12 cut or sold outQ4 23: 16 bought or addedQ4 23: 11 cut or sold outQ4 23Q1 24: 10 bought or addedQ1 24: 9 cut or sold outQ2 24: 11 bought or addedQ2 24: 9 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221411
Q1 20231712
Q2 20231215
Q3 20231312
Q4 20231611
Q1 2024109
Q2 2024119

Biggest buyers

ALLIANCEBERNSTEIN L.P. Added +12,017+12.0k
PRINCETON CAPITAL MANAGEMENT LLC New +10,408+10.4k
UBS Group AG New +3,948+3.9k
Cutler Capital Management, LLC Added +3,064+3.1k
BRIDGEWAY CAPITAL MANAGEMENT, LLC Added +2,520+2.5k
GEODE CAPITAL MANAGEMENT, LLC Added +830+830
INNEALTA CAPITAL, LLC New +395+395
Tower Research Capital LLC (TRC) Added +146+146
RENAISSANCE TECHNOLOGIES LLC Added +100+100
Venture Visionary Partners LLC Added +71+71

Biggest sellers

Empowered Funds, LLC Reduced -30,846-30.8k
MORGAN STANLEY Reduced -2,882-2.9k
MILLENNIUM MANAGEMENT LLC Reduced -2,610-2.6k
NORTHERN TRUST CORP Reduced -480-480
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -373-373
Pinnacle Holdings, LLC Reduced -312-312
BlackRock Inc. Reduced -82-82
WELLS FARGO & COMPANY/MN Reduced -53-53
DIMENSIONAL FUND ADVISORS LP Reduced -32-32

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
MANULIFE FINANCIAL CORP 13G · institution no change · filed 2026-08-14 7.5% no change 467.9k≈ $11.8m 2026-08-14
Cutler Capital Management, LLC 13G · institution new · filed 2025-02-13 6.0% new 392.6k≈ $9.9m 2025-02-13

Fell to 5% or below in the last year: Strategic Value Investors LP (3.9%, 2026-08-19), VANGUARD CAPITAL MANAGEMENT LLC (4.7%, 2026-07-31), VANGUARD GROUP INC (0.0%, 2026-03-27)

Insider purchases and sales in Q2 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
10010Q3 22: 1 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 0 sellingQ4 22Q1 23: 6 buyingQ1 23: 0 sellingQ2 23: 4 buyingQ2 23: 0 sellingQ2 23Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 2 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20221$9.0k0——
Q4 20220—0——
Q1 20236$47.8k0——
Q2 20234$53.7k0——
Q3 20230—0——
Q4 20230—0——
Q1 20242$7.0k0——
Q2 20240—0——

None reported in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 590,102590.1k $8.3m $8.3m 0.00% Added +12.0k +12,017
2 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 484,638484.6k $6.8m $6.8m 0.01% Reduced -373 -373
3 Cutler Capital Management, LLC 2.20% of their portfolio WORCESTER, MA 403,376403.4k $5.6m $5.6m 2.20% Added +3.1k +3,064
4 FJ Capital Management LLC 0.55% of their portfolio MCLEAN, VA 373,521373.5k $5.2m $5.2m 0.55% Unchanged
5 STRATEGIC VALUE BANK PARTNERS LLC 3.27% of their portfolio CLEVELAND, OH 352,815352.8k $4.9m $4.9m 3.27% Unchanged
6 Petiole USA ltd 3.12% of their portfolio New York, NY 265,710265.7k $3.7m $3.7m 3.12% Unchanged
7 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 158,308158.3k $2.2m $2.2m 0.00% Reduced -32 -32
8 Pinnacle Holdings, LLC 0.90% of their portfolio TULSA, OK 157,393157.4k $2.2m $2.2m 0.90% Reduced -312 -312
9 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 101,918101.9k $1.4m $1.4m 0.00% Unchanged
10 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio HOUSTON, TX 71,37671.4k $999.3k $999.3k 0.02% Added +2.5k +2,520
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 68,66068.7k $961.5k $961.5k 0.00% Added +830 +830
12 BlackRock Inc. 0.00% of their portfolio New York, NY 57,13357.1k $799.9k $799.9k 0.00% Reduced -82 -82
13 GENDELL JEFFREY L 0.02% of their portfolio Greenwich, CT 48,82348.8k $683.5k $683.5k 0.02% Unchanged
14 Empowered Funds, LLC 0.01% of their portfolio NEWTOWN SQUARE, PA 35,88635.9k $502.4k $502.4k 0.01% Reduced -30.8k -30,846
15 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 35,62735.6k $498.8k $498.8k 0.00% Unchanged
16 PL Capital Advisors, LLC 0.16% of their portfolio NAPLES, FL 28,15928.2k $394.2k $394.2k 0.16% Unchanged
17 Venture Visionary Partners LLC 0.02% of their portfolio Sylvania, OH 23,57523.6k $330.1k $330.1k 0.02% Added +71 +71
18 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 18,04518.0k $252.6k $252.6k 0.00% Reduced -480 -480
19 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 16,23216.2k $227.2k $227.2k 0.00% Unchanged
20 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 15,22515.2k $213.2k $213.2k 0.00% Added +100 +100
21 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 10,58410.6k $148.2k $148.2k 0.00% Reduced -2.6k -2,610
22 PRINCETON CAPITAL MANAGEMENT LLC 0.05% of their portfolio RED BANK, NJ 10,40810.4k $145.7k $145.7k 0.05% New
23 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 7,9778.0k $111.7k $111.7k 0.00% Unchanged
24 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 6,3006.3k $88.0k $88.0k 0.00% Unchanged
25 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,9483.9k $55.3k $55.3k 0.00% New
26 SJS Investment Consulting Inc. 0.01% of their portfolio SYLVANIA, OH 3,7933.8k $53.1k $53.1k 0.01% Unchanged
27 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 2,4372.4k $34.0k $34.0k 0.00% Unchanged
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,1962.2k $30.7k $30.7k 0.00% Reduced -53 -53
29 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,9001.9k $26.6k $26.6k 0.00% Unchanged
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,4411.4k $20.2k $20.2k 0.00% Reduced -2.9k -2,882
31 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 946946 $13.2k $13.2k 0.00% Added +146 +146
32 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 705705 $9.9k $9.9k 0.00% Unchanged
33 Catalyst Funds Management Pty Ltd 0.00% of their portfolio SYDNEY NSW, C3 530530 $7.4k $7.4k 0.00% Unchanged
34 INNEALTA CAPITAL, LLC 0.00% of their portfolio AUSTIN, TX 395395 $5.5k $5.5k 0.00% New
35 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 319319 $4.5k $4.5k 0.00% Unchanged
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 299299 $4.2k $4.2k 0.00% Unchanged
37 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 263263 $3.7k $3.7k 0.00% Unchanged
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5656 $784 $784 0.00% New
39 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2424 $336 $336 0.00% Unchanged
40 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1111 $154 $154 0.00% Unchanged
41 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged