CB Financial Services (CBFV) Expected to Announce Quarterly Earnings on Wednesday

CB Financial Services (NASDAQ:CBFV) is expected to be announcing its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $12,180.00 billion for the quarter.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. The firm had revenue of $21.01 million for the quarter, compared to the consensus estimate of $12.60 million. On average, analysts expect CB Financial Services to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CB Financial Services Trading Up 2.6 %

NASDAQ:CBFV opened at $29.50 on Monday. The firm has a 50 day moving average of $29.74 and a 200 day moving average of $27.72. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services has a 52 week low of $20.75 and a 52 week high of $33.72. The stock has a market capitalization of $151.04 million, a price-to-earnings ratio of 6.63 and a beta of 0.60.

Insider Activity

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. StockNews.com initiated coverage on CB Financial Services in a research report on Thursday, December 26th. They issued a “hold” rating for the company. DA Davidson boosted their price target on CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th.

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.