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Preferred stock is a special equity security that has properties of both equity and debt. SB Financial Group's preferred stock for the quarter that ended in Mar. 2024 was $0.00 Mil.
The market value of preferred stock needs to be added to the market value of common stocks in the calculation of Enterprise Value. SB Financial Group's Enterprise Value for the quarter that ended in Mar. 2024 was $-81.42 Mil.
In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. SB Financial Group's Book Value per Share for the quarter that ended in Mar. 2024 was $18.28.
Dividends paid to preferred stocks need to be subtracted from net income in the calculation of Earnings per Share (Diluted). SB Financial Group's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $0.35.
The historical data trend for SB Financial Group's Preferred Stock can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SB Financial Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Preferred Stock | Get a 7-Day Free Trial | - | - | - | - | - |
SB Financial Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Preferred Stock | Get a 7-Day Free Trial | - | - | - | - | - |
Preferred Stock is a special equity security that has properties of both equity and debt. It is generally considered a hybrid instrument. Preferred stock is senior to common stock, but is subordinate to bonds in terms of claim or rights to their share of the assets of the company.
Preferred stock has priority over common stock in the payment of dividends and any payments received when a company liquidates.
Preferred stock comes in many forms. It can be:
A preferred stock without a maturity date is called a perpetual preferred stock. These are relatively rare. A good example of perpetual preferred stock is the many series of Public Storage (PSA) preferred shares that trade on the New York Stock Exchange.
Before investing in preferred stock, it is important to know which of the above groups the stock belongs to. Is it convertible or non-convertible? Are dividends cumulative or non-cumulative?
It is also critical that an investor knows what bonds the company has in front of the preferred stock. Bondholders get paid first. So the decision to buy a preferred stock can be similar to the decision to buy a bond. But, remember, the preferred stock of a company with bonds is junior to those bonds.
Unless a preferred stock is convertible, the upside in a preferred stock investment is more limited than in a common stock investment. If a company doubles its earnings, it is usually under no more obligation to double the dividends paid to preferred shareholders than it is to double the interest paid to its bankers and bondholders.So preferred stock is very different from common stock.
SB Financial Group (NAS:SBFG) Preferred Stock Explanation
When a company needs capital but does not wish to issue debt, they may sell preferred stocks to investors.
For instance, during the financial crisis of 2008, Goldman Sachs (GS) issued a combination of preferred stock and common stock options for $5 billion of capital to Warren Buffetts Berkshire Hathaway (BRK.A)(BRK.B). In this deal, Berkshire Hathaway paid $5 billion for 10% cumulative perpetual preferred stock and warrants to buy 43.5 million shares of Goldman Sachs at $115 a share. Goldman Sachs bought back the preferred in 2010. Guess how much money Warren Buffett made in this deal in two years? Read How Much Did Warren Buffetts Berkshire Hathaway (BRK.B) Make on Its Goldman Sachs (GS) Preferred Stock?
1. The market value of Preferred Stocks needs to be added to the market value of common stocks in the calculation of enterprise value.
SB Financial Group's Enterprise Value for the quarter that ended in Mar. 2024 is calculated as
Enterprise Value | |||||||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation | + | Minority Interest |
= | 93.2714458 | + | 0 | + | 54.654 | + | 12.916 | + | 0 |
- | Cash, Cash Equivalents, Marketable Securities | ||||||||
- | 242.258 | ||||||||
= | -81.42 |
2. In the calculation of Book Value, the par value of Preferred Stocks needs to subtracted from total equity.
SB Financial Group's Book Value per Share for the quarter that ended in Mar. 2024 is calculated as
Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock) | / | Shares Outstanding (Diluted Average) |
= | (123.723 | - | 0) | / | 6.76861 | |
= | 18.28 |
3. Dividends paid to Preferred Stocks need to be subtracted from net income in the calculation of earnings per share.
SB Financial Group's Earnings per Share (Diluted) (EPS) for the three months ended in Mar. 2024 is calculated as
Earnings per Share (Diluted) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (2.368 | - | 0) | / | 6.723 | |
= | 0.35 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of SB Financial Group's Preferred Stock provided by GuruFocus.com. Please click on the following links to see related term pages.
Timothy J. Stolly | director | 700 BLUFF OAK TRAIL, LIMA OH 45807 |
Timothy L. Claxton | director | 327 BAROUCHE PL., FORT WAYNE IN 46845 |
Mark A Klein | officer: CHAIRMAN, PRESIDENT & CEO | 225 KETTENRING DRIVE, DEFIANCE OH 43512 |
William G Martin | director | 136 DEERFIELD CIRCLE, BRYAN OH 43506 |
Richard L Hardgrove | director | 1959 MARBLE CLIFF CROSSING CT., COLUMBUS OH 43204 |
Steven A. Walz | officer: EVP OF SUBSIDIARY | 324 NORTHWOOD DR., DEFIANCE OH 43512 |
George W Carter | director | 15316 RD 168, PO BOX 322, PAULDING OH 45879 |
Anthony Van Cosentino | officer: EVP OF SUBSIDIARY | 1600 BRIDGEWOOD COURT, DEFIANCE OH 43512 |
David A. Homoelle | officer: REGIONAL PRESIDENT OF SUBSIDIA | 903 GATEHOUSE LANE, COLUMBUS OH 43235 |
Keeta Jane Diller | officer: EVP OF SUBSIDIARY | 13801 FRUIT RIDGE ROAD, DEFIANCE OH 43512 |
Gaytan Garcia Juan Ernesto | officer: EVP OF SUBSIDIARY | 2103 SOUTH BROOKHILL LANE, CANTON MI 48188 |
Rita A Kissner | director | 135 BIEDE PLACE, DEFIANCE OH 43512 |
Tom R Helberg | director | 30600 N. PIMA RD., UNIT 50, SCOTTSDALE AZ 85266 |
Jonathan R. Gathman | other: EVP OF SUBSIDIARY | 703 BURNING TREE DRIVE, DEFIANCE OH 43512 |
Fawcett Jr Robert A | director | 172 EASTOWNE DRIVE, OTTAWA OH 45875 |
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