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

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

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

CB Financial Services Stock Down 0.5 %

CBFV opened at $28.81 on Thursday. CB Financial Services has a 12 month low of $20.75 and a 12 month high of $33.72. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average price is $29.97 and its 200-day moving average price is $26.84. The company has a market cap of $147.62 million, a P/E ratio of 6.47 and a beta of 0.58.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Friday, October 25th. The bank reported $0.55 earnings per share 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 firm had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. On average, equities analysts expect that CB Financial Services will post 2.18 EPS for the current year.

CB Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Friday, November 15th. CB Financial Services’s payout ratio is 22.47%.

Insider Buying and Selling at CB Financial Services

In other CB Financial Services news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the firm’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 transaction of $111,431.45. Following the completion of the transaction, the insider now owns 15,194 shares of the company’s stock, valued at approximately $495,780.22. This trade represents a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark E. Fox sold 3,538 shares of CB Financial Services 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 transaction, the chairman now directly 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 ninety days, insiders have sold 7,703 shares of company stock valued at $247,995. 9.40% of the stock is currently owned by company insiders.

Institutional Trading of CB Financial Services

Hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of CB Financial Services during the 3rd quarter valued at $941,000. Commonwealth Equity Services LLC bought a new stake in CB Financial Services during the second quarter valued at about $393,000. Fourthstone LLC bought a new stake in CB Financial Services during the third quarter valued at about $373,000. Janney Montgomery Scott LLC lifted its position in shares of CB Financial Services by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after acquiring an additional 8,143 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of CB Financial Services by 9.7% in the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock worth $1,352,000 after acquiring an additional 4,295 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.