CB Financial Services (NASDAQ:CBFV) Share Price Passes Below 200 Day Moving Average - Here's Why

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $29.14 and traded as low as $28.58. CB Financial Services shares last traded at $28.66, with a volume of 12,960 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded CB Financial Services from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th.

CB Financial Services Price Performance

The firm has a market cap of $143.56 million, a price-to-earnings ratio of 11.96 and a beta of 0.33. 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 business has a 50 day simple moving average of $28.65 and a 200-day simple moving average of $29.14.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.50 earnings per share for the quarter, beating 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 business had revenue of $12.10 million for the quarter, compared to analysts' expectations of $12.69 million. Equities research analysts expect that CB Financial Services, Inc. will post 1.82 earnings per share for the current year.

CB Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Friday, May 16th. CB Financial Services's dividend payout ratio (DPR) is presently 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 firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $29.50, for a total transaction of $73,750.00. Following the transaction, the director now directly owns 11,494 shares in the company, valued at approximately $339,073. This trade represents a 17.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.70% of the company's stock.

Institutional Investors Weigh In On CB Financial Services

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC increased its holdings in CB Financial Services by 1.8% during the fourth 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 last quarter. Dimensional Fund Advisors LP increased its holdings in CB Financial Services by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,822 shares of the bank's stock worth $509,000 after buying an additional 967 shares during the last quarter. M3F Inc. purchased a new stake in CB Financial Services during the fourth quarter worth about $916,000. Fiduciary Trust Co purchased a new stake in CB Financial Services during the fourth quarter worth about $266,000. Finally, 683 Capital Management LLC purchased a new stake in CB Financial Services during the fourth quarter worth about $344,000. 33.06% of the stock is owned by hedge funds and other institutional investors.

About CB Financial Services

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.