Research Analysts Set Expectations for CBFV Q4 Earnings

CB Financial Services, Inc. (NASDAQ:CBFV) – Equities research analysts at DA Davidson dropped their Q4 2024 earnings per share (EPS) estimates for CB Financial Services in a research note issued on Thursday, December 19th. DA Davidson analyst M. Navas now expects that the bank will earn $0.43 per share for the quarter, down from their previous estimate of $0.44. DA Davidson currently has a “Neutral” rating and a $27.00 target price on the stock. The consensus estimate for CB Financial Services’ current full-year earnings is $2.18 per share. DA Davidson also issued estimates for CB Financial Services’ FY2025 earnings at $1.88 EPS.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Friday, October 25th. The bank reported $0.55 EPS for the quarter, beating 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 company had revenue of $21.01 million for the quarter, compared to the consensus estimate of $12.60 million.

Separately, StockNews.com initiated coverage on shares of CB Financial Services in a research report on Tuesday. They issued a “hold” rating for the company.

CB Financial Services Trading Down 0.9 %

NASDAQ CBFV opened at $29.43 on Friday. The stock has a market cap of $150.80 million, a PE ratio of 6.61 and a beta of 0.58. CB Financial Services has a 12 month low of $20.75 and a 12 month high of $33.72. The company’s 50-day moving average price is $29.92 and its 200-day moving average price is $26.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23.

CB Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, November 15th. CB Financial Services’s dividend payout ratio is 22.47%.

Insider Transactions at CB Financial Services

In related news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $32.63, for a total value of $111,431.45. Following the completion of the transaction, the insider now owns 15,194 shares of the company’s stock, valued at $495,780.22. The trade was a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Mark E. Fox sold 3,538 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $31.50, for a total value of $111,447.00. Following the sale, the chairman now owns 11,414 shares of the company’s stock, valued at approximately $359,541. This represents a 23.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,703 shares of company stock valued at $247,995. 9.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its position in CB Financial Services by 115.4% during the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,119 shares in the last quarter. Barclays PLC lifted 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 buying an additional 943 shares during the last quarter. Fourthstone LLC bought a new stake in shares of CB Financial Services in the 3rd quarter valued at about $373,000. Commonwealth Equity Services LLC purchased a new position in shares of CB Financial Services in the 2nd quarter worth approximately $393,000. Finally, De Lisle Partners LLP raised its stake in shares of CB Financial Services by 9.1% during the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after acquiring an additional 2,429 shares in the last quarter. 33.06% of the stock is owned by institutional investors.

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.