CB Financial Services (NASDAQ:CBFV) Earns Hold Rating from Analysts at StockNews.com

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

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

CB Financial Services Stock Performance

CBFV stock opened at $28.67 on Thursday. CB Financial Services has a fifty-two week low of $20.75 and a fifty-two week high of $33.72. The company has a 50 day moving average price of $29.98 and a 200 day moving average price of $26.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $146.91 million, a PE ratio of 6.44 and a beta of 0.58.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings results on Friday, October 25th. The bank reported $0.55 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 business had revenue of $21.01 million for the quarter, compared to analyst estimates of $12.60 million. Analysts forecast that CB Financial Services will post 2.18 EPS for the current year.

CB Financial Services Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 3.49%. The ex-dividend date was Friday, November 15th. CB Financial Services’s dividend payout ratio (DPR) is presently 22.47%.

Insiders Place Their Bets

In other news, Chairman Mark E. Fox sold 3,538 shares of the 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 completion of the transaction, the chairman now directly owns 11,414 shares in the company, valued at approximately $359,541. This represents a 23.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was 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 directly owns 15,194 shares of the company’s stock, valued at approximately $495,780.22. The trade was a 18.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,703 shares of company stock valued at $247,995. 9.40% of the stock is currently owned by corporate insiders.

Institutional Trading of CB Financial Services

Several institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in CB Financial Services during the 3rd quarter worth about $941,000. Commonwealth Equity Services LLC bought a new stake in CB Financial Services in the second quarter valued at $393,000. Fourthstone LLC acquired a new position in shares of CB Financial Services during the third quarter valued at about $373,000. Janney Montgomery Scott LLC boosted its holdings in CB Financial Services by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock worth $10,204,000 after acquiring an additional 8,143 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in CB Financial Services by 9.7% in the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock valued at $1,352,000 after acquiring an additional 4,295 shares during the period. Institutional investors own 33.06% of the company’s stock.

About CB Financial Services

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.