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

CB Financial Services (NASDAQ:CBFV) will likely be issuing its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect CB Financial Services to post 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 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. 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 Stock Down 1.0 %

Shares of NASDAQ CBFV opened at $29.21 on Tuesday. 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 has a 12-month low of $20.75 and a 12-month high of $33.72. The firm’s 50-day moving average price is $29.74 and its 200-day moving average price is $27.76. The stock has a market capitalization of $149.56 million, a price-to-earnings ratio of 6.56 and a beta of 0.60.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CBFV. DA Davidson upped their price objective on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. StockNews.com assumed coverage on CB Financial Services in a report on Thursday, December 26th. They set a “hold” rating on the stock.

Insider Activity at CB Financial Services

In other news, Vice Chairman Charles R. Guthrie sold 3,415 shares of CB Financial Services 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 directly owns 15,194 shares in the company, valued at approximately $495,780.22. This trade represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark E. Fox sold 3,538 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $31.50, for a total transaction of $111,447.00. Following the completion of the transaction, the chairman now owns 11,414 shares in the company, valued at approximately $359,541. The trade was a 23.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,703 shares of company stock worth $247,995. Insiders own 9.40% 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.