CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $28.62 and traded as high as $29.63. CB Financial Services shares last traded at $28.86, with a volume of 10,823 shares.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of CB Financial Services from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th.
View Our Latest Stock Analysis on CB Financial Services
CB Financial Services Price Performance
The firm has a market capitalization of $147.43 million, a price-to-earnings ratio of 12.28 and a beta of 0.33. The company's 50 day moving average is $28.68 and its 200-day moving average is $29.14. 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 (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 net margin of 15.43% and a return on equity of 7.45%. The company had revenue of $12.10 million for the quarter, compared to analysts' expectations of $12.69 million. Equities research analysts anticipate that CB Financial Services, Inc. will post 1.82 earnings per share for the current year.
CB Financial Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.00 annualized dividend and a yield of 3.41%. CB Financial Services's dividend payout ratio is currently 52.08%.
Insider Buying and Selling at CB Financial Services
In other CB Financial Services news, Director John Swiatek sold 2,500 shares of the business's stock in a transaction 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 sale, the director now owns 11,494 shares of the company's stock, valued at approximately $339,073. The trade was a 17.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 9.40% of the company's stock.
Institutional Trading of CB Financial Services
A number of hedge funds and other institutional investors have recently modified their holdings of CBFV. M3F Inc. grew its stake in shares of CB Financial Services by 204.3% during the first quarter. M3F Inc. now owns 97,549 shares of the bank's stock worth $2,775,000 after buying an additional 65,494 shares during the last quarter. Waldron Private Wealth LLC grew its stake in shares of CB Financial Services by 100.0% during the fourth 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 last quarter. Jane Street Group LLC bought a new stake in shares of CB Financial Services during the first quarter worth $537,000. 683 Capital Management LLC bought a new stake in shares of CB Financial Services during the fourth quarter worth $344,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of CB Financial Services by 108.0% during the first quarter. Goldman Sachs Group Inc. now owns 22,538 shares of the bank's stock worth $641,000 after buying an additional 11,704 shares during the last quarter. 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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