CB Financial Services (NASDAQ:CBFV) Stock Price Passes Above 50 Day Moving Average Following Insider Selling

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday after an insider bought additional shares in the company. The stock has a 50 day moving average of $28.08 and traded as high as $29.25. CB Financial Services shares last traded at $29.20, with a volume of 17,871 shares.

Analyst Ratings Changes

Separately, StockNews.com raised CB Financial Services from a "sell" rating to a "hold" rating in a report on Wednesday.

CB Financial Services Stock Up 1.4 %

The company has a market capitalization of $148.37 million, a P/E ratio of 12.17 and a beta of 0.36. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average price of $28.08 and a 200 day moving average price of $29.03.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $0.50 EPS for the quarter, topping the consensus estimate of $0.43 by $0.07. CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. The firm had revenue of $12.10 million for the quarter, compared to the consensus estimate of $12.69 million. On average, research analysts anticipate that CB Financial Services, Inc. will post 1.82 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Friday, May 16th. CB Financial Services's payout ratio is presently 52.08%.

Institutional Trading of CB Financial Services

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in CB Financial Services by 12.7% in the third quarter. Barclays PLC now owns 8,373 shares of the bank's stock valued at $234,000 after acquiring an additional 943 shares during the last quarter. Geode Capital Management LLC grew its position in shares of CB Financial Services by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank's stock worth $1,352,000 after buying an additional 4,295 shares during the period. Empowered Funds LLC grew its position in shares of CB Financial Services by 1.8% during the 4th quarter. Empowered Funds LLC now owns 33,172 shares of the bank's stock worth $948,000 after buying an additional 600 shares during the period. Waldron Private Wealth LLC grew its position in shares of CB Financial Services by 100.0% during the 4th quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank's stock worth $3,447,000 after buying an additional 60,306 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of CB Financial Services during the 3rd quarter worth approximately $941,000. 33.06% of the stock is currently owned by institutional investors.

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.