CB Financial Services (NASDAQ:CBFV) Now Covered by StockNews.com

StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report issued on Thursday morning. The firm issued a hold rating on the bank’s stock.

Separately, DA Davidson upped their target price on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

CB Financial Services Price Performance

CBFV opened at $28.67 on Thursday. The firm’s fifty day moving average price is $29.98 and its two-hundred day moving average price is $26.91. The company has a market capitalization of $146.91 million, a price-to-earnings ratio of 6.44 and a beta of 0.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. CB Financial Services has a 1 year low of $20.75 and a 1 year high of $33.72.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Friday, October 25th. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. The business had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $12.60 million. As a group, analysts anticipate that CB Financial Services will post 2.18 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.49%. CB Financial Services’s dividend payout ratio is presently 22.47%.

Insider Activity

In other news, Chairman Mark E. Fox sold 3,538 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $31.50, for a total value of $111,447.00. Following the completion of the sale, the chairman now owns 11,414 shares of the company’s stock, valued at approximately $359,541. The trade was a 23.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $32.63, for a total value of $111,431.45. Following the transaction, the insider now owns 15,194 shares in the company, valued at approximately $495,780.22. The trade was a 18.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,703 shares of company stock worth $247,995. 9.40% of the stock is currently owned by corporate insiders.

Institutional Trading of CB Financial Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its holdings in shares of CB Financial Services by 115.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after acquiring an additional 1,119 shares during the period. Barclays PLC boosted its position in shares of CB Financial Services by 12.7% during the third quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after purchasing an additional 943 shares in the last quarter. Fourthstone LLC purchased a new stake in CB Financial Services in the third quarter worth $373,000. Commonwealth Equity Services LLC bought a new position in CB Financial Services in the second quarter worth $393,000. Finally, De Lisle Partners LLP lifted its position in CB Financial Services by 9.1% during the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock valued at $823,000 after buying an additional 2,429 shares during the period. Hedge funds and other institutional investors own 33.06% of the company’s stock.

CB Financial Services Company Profile

CB Financial Services, Inc operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products.