CB Financial Services (NASDAQ:CBFV) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Shares of CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $28.86 and traded as high as $29.10. CB Financial Services shares last traded at $28.09, with a volume of 28,840 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of CB Financial Services in a research report on Thursday, December 26th. They issued a "hold" rating for the company.

CB Financial Services Stock Up 1.0 %

The firm has a fifty day moving average of $28.89 and a 200-day moving average of $28.98. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. The firm has a market cap of $146.82 million, a P/E ratio of 12.00 and a beta of 0.64.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.12). CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. On average, equities research analysts anticipate that CB Financial Services, Inc. will post 1.82 earnings per share for the current year.

CB Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.49%. The ex-dividend date was Friday, February 14th. CB Financial Services's dividend payout ratio is 41.84%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in CB Financial Services by 1,093.4% in the 4th quarter. Bank of America Corp DE now owns 3,807 shares of the bank's stock valued at $109,000 after purchasing an additional 3,488 shares during the period. Barclays PLC boosted 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 valued at $234,000 after buying an additional 943 shares during the period. Fiduciary Trust Co bought a new stake in shares of CB Financial Services in the fourth quarter valued at approximately $266,000. Millennium Management LLC acquired a new stake in CB Financial Services during the fourth quarter worth approximately $301,000. Finally, Ameriprise Financial Inc. bought a new position in CB Financial Services during the 4th quarter worth $323,000. 33.06% of the stock is owned by 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.