Shares of CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $28.64 and traded as high as $29.28. CB Financial Services shares last traded at $29.28, with a volume of 6,032 shares trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of CB Financial Services from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th.
Read Our Latest Stock Report on CB Financial Services
CB Financial Services Price Performance
The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.88. The company has a fifty day moving average of $28.77 and a 200 day moving average of $28.64. The firm has a market capitalization of $146.99 million, a P/E ratio of 15.25 and a beta of 0.29.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.07. CB Financial Services had a net margin of 12.83% and a return on equity of 7.00%. The business had revenue of $12.10 million during the quarter, compared to the consensus estimate of $12.69 million. Sell-side analysts predict that CB Financial Services, Inc. will post 1.82 earnings per share for the current year.
CB Financial Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.42%. CB Financial Services's payout ratio is currently 52.08%.
Insider Transactions at CB Financial Services
In other news, Director John Swiatek sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $29.50, for a total transaction of $73,750.00. Following the completion of the sale, the director owned 11,494 shares of the company's stock, valued at $339,073. This trade represents a 17.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 9.70% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC bought a new stake in CB Financial Services in the 4th quarter valued at about $301,000. Ameriprise Financial Inc. bought a new stake in shares of CB Financial Services during the fourth quarter worth about $323,000. Dimensional Fund Advisors LP raised its holdings in shares of CB Financial Services by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,822 shares of the bank's stock worth $509,000 after acquiring an additional 967 shares during the last quarter. ORG Partners LLC bought a new position in CB Financial Services in the 1st quarter valued at about $211,000. Finally, M3F Inc. acquired a new position in CB Financial Services during the 4th quarter valued at about $916,000. 33.06% of the stock is owned by institutional investors.
About CB Financial Services
(
Get Free Report)
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.
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