CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) shares crossed above its 50 day moving average during trading on Monday following insider buying activity. 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.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of CB Financial Services from a "sell" rating to a "hold" rating in a report on Wednesday.
Get Our Latest Stock Analysis on CB Financial Services
CB Financial Services Price Performance
The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $150.30 million, a P/E ratio of 12.33 and a beta of 0.33. The firm's fifty day moving average is $28.13 and its two-hundred day moving average is $29.05.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last released its quarterly earnings data 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 return on equity of 7.45% and a net margin of 15.43%. The firm had revenue of $12.10 million during the quarter, compared to analyst estimates of $12.69 million. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Friday, May 16th. CB Financial Services's payout ratio is currently 52.08%.
Hedge Funds Weigh In On CB Financial Services
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Waldron Private Wealth LLC lifted its stake in CB Financial Services by 100.0% in the 4th quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank's stock worth $3,447,000 after purchasing an additional 60,306 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of CB Financial Services in the third quarter worth about $941,000. M3F Inc. purchased a new stake in shares of CB Financial Services in the fourth quarter worth about $916,000. 683 Capital Management LLC bought a new position in CB Financial Services during the fourth quarter valued at approximately $344,000. Finally, Ameriprise Financial Inc. bought a new position in CB Financial Services during the fourth quarter valued at approximately $323,000. Institutional investors own 33.06% of the company's stock.
CB Financial Services Company Profile
(
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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