CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $28.83 and traded as low as $27.86. CB Financial Services shares last traded at $28.48, with a volume of 39,566 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on shares of CB Financial Services in a research note on Thursday, December 26th. They set a "hold" rating on the stock.
Read Our Latest Analysis on CBFV
CB Financial Services Stock Performance
The firm has a market cap of $137.84 million, a price-to-earnings ratio of 11.26 and a beta of 0.64. The stock's fifty day moving average is $28.89 and its two-hundred day moving average is $28.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.12). CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. On average, analysts expect that CB Financial Services, Inc. will post 1.82 earnings per share for the current fiscal year.
CB Financial Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, February 14th. CB Financial Services's dividend payout ratio (DPR) is 41.84%.
Insider Buying and Selling
In related news, Chairman Mark E. Fox sold 3,538 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $31.50, for a total transaction of $111,447.00. Following the sale, the chairman now owns 11,414 shares of the company's stock, valued at $359,541. The trade was a 23.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.40% of the company's stock.
Hedge Funds Weigh In On CB Financial Services
Several hedge funds have recently modified their holdings of the company. Empowered Funds LLC boosted its stake in CB Financial Services by 5.2% during the third quarter. Empowered Funds LLC now owns 32,572 shares of the bank's stock valued at $911,000 after buying an additional 1,608 shares in the last quarter. De Lisle Partners LLP boosted its position in shares of CB Financial Services by 9.1% during the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank's stock valued at $823,000 after purchasing an additional 2,429 shares in the last quarter. Fourthstone LLC acquired a new position in shares of CB Financial Services in the 3rd quarter worth approximately $373,000. Barclays PLC raised its holdings in shares of CB Financial Services by 12.7% in the 3rd 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. Finally, Geode Capital Management LLC lifted its stake in CB Financial Services by 9.7% during the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank's stock valued at $1,352,000 after purchasing an additional 4,295 shares during the last quarter. 33.06% of the stock is currently 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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