CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report)'s stock price passed 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 changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of CB Financial Services from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th.
View Our Latest Research Report on CBFV
CB Financial Services Stock Performance
The stock's 50-day moving average price is $28.75 and its 200-day moving average price is $28.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $143.22 million, a price-to-earnings ratio of 14.86 and a beta of 0.29.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.50 earnings per share (EPS) for the quarter, beating 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 company had revenue of $12.10 million during the quarter, compared to the consensus estimate of $12.69 million. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, May 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.51%. CB Financial Services's dividend payout ratio (DPR) is 52.08%.
Insider Buying and Selling 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 transaction, the director directly 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 document filed with the SEC, which is available at this hyperlink. 9.40% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its stake in CB Financial Services by 108.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,538 shares of the bank's stock worth $641,000 after acquiring an additional 11,704 shares during the period. Acadian Asset Management LLC grew its stake in CB Financial Services by 30.3% in the 1st quarter. Acadian Asset Management LLC now owns 4,158 shares of the bank's stock worth $115,000 after acquiring an additional 966 shares during the period. Jane Street Group LLC purchased a new stake in CB Financial Services in the 1st quarter worth approximately $537,000. Empowered Funds LLC grew its stake in CB Financial Services by 2.5% in the 1st quarter. Empowered Funds LLC now owns 34,000 shares of the bank's stock worth $967,000 after acquiring an additional 828 shares during the period. Finally, M3F Inc. grew its stake in CB Financial Services by 204.3% in the 1st quarter. M3F Inc. now owns 97,549 shares of the bank's stock worth $2,775,000 after acquiring an additional 65,494 shares during the period. 33.06% of the stock is owned by hedge funds and other 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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