StockNews.com downgraded shares of CB Financial Services (NASDAQ:CBFV - Free Report) from a hold rating to a sell rating in a research note released on Tuesday morning.
CB Financial Services Stock Performance
Shares of CBFV stock traded down $0.41 on Tuesday, hitting $28.99. 11,825 shares of the stock traded hands, compared to its average volume of 8,048. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $147.91 million, a PE ratio of 12.13 and a beta of 0.36. CB Financial Services has a 1-year low of $20.75 and a 1-year high of $33.72. The company's fifty day moving average is $28.10 and its 200 day moving average is $29.03.
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 the consensus estimate of $0.43 by $0.07. The business had revenue of $12.10 million for the quarter, compared to analyst estimates of $12.69 million. CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. On average, equities research analysts predict that CB Financial Services will post 1.82 earnings per share for the current fiscal year.
CB Financial Services Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.45%. The ex-dividend date is Friday, May 16th. CB Financial Services's dividend payout ratio is presently 41.84%.
Institutional Investors Weigh In On CB Financial Services
Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in CB Financial Services by 1,093.4% in the fourth quarter. Bank of America Corp DE now owns 3,807 shares of the bank's stock worth $109,000 after buying an additional 3,488 shares during the period. ORG Partners LLC bought a new position in shares of CB Financial Services in the first quarter worth $211,000. Barclays PLC grew its stake in shares of CB Financial Services by 12.7% in the third quarter. Barclays PLC now owns 8,373 shares of the bank's stock worth $234,000 after purchasing an additional 943 shares in the last quarter. Fiduciary Trust Co bought a new position in shares of CB Financial Services in the fourth quarter worth $266,000. Finally, Millennium Management LLC bought a new position in shares of CB Financial Services in the fourth quarter worth $301,000. 33.06% of the stock is owned by institutional investors and hedge funds.
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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