CB Financial Services, Inc. (NASDAQ:CBFV - Free Report) - Investment analysts at DA Davidson dropped their Q4 2024 earnings estimates for shares of CB Financial Services in a report released on Thursday, December 19th. DA Davidson analyst M. Navas now anticipates that the bank will earn $0.43 per share for the quarter, down from their prior forecast of $0.44. DA Davidson has a "Neutral" rating and a $27.00 price target on the stock. The consensus estimate for CB Financial Services' current full-year earnings is $2.18 per share. DA Davidson also issued estimates for CB Financial Services' FY2025 earnings at $1.88 EPS.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued its quarterly earnings data on Friday, October 25th. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The firm had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%.
Separately, StockNews.com started coverage on CB Financial Services in a report on Tuesday. They set a "hold" rating for the company.
Check Out Our Latest Research Report on CBFV
CB Financial Services Trading Down 0.9 %
NASDAQ CBFV traded down $0.26 on Friday, hitting $29.43. The company's stock had a trading volume of 11,317 shares, compared to its average volume of 4,428. The firm has a market cap of $150.80 million, a P/E ratio of 6.61 and a beta of 0.58. CB Financial Services has a 52-week low of $20.75 and a 52-week high of $33.72. The company's 50-day simple moving average is $29.92 and its 200 day simple moving average is $26.67. 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 Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Friday, November 15th. CB Financial Services's payout ratio is currently 22.47%.
Insiders Place Their Bets
In other CB Financial Services news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $32.63, for a total value of $111,431.45. Following the completion of the transaction, the insider now owns 15,194 shares in the company, valued at approximately $495,780.22. This represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark E. Fox sold 3,538 shares of the business's stock in a transaction on Monday, December 16th. The shares were 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 in the company, valued at approximately $359,541. This trade represents a 23.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,703 shares of company stock worth $247,995 over the last three months. Company insiders own 9.40% of the company's stock.
Hedge Funds Weigh In On CB Financial Services
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its stake in CB Financial Services by 115.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank's stock worth $46,000 after purchasing an additional 1,119 shares in the last quarter. Barclays PLC lifted its position in CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank's stock valued at $234,000 after acquiring an additional 943 shares in the last quarter. Fourthstone LLC purchased a new stake in CB Financial Services during the 3rd quarter valued at $373,000. Commonwealth Equity Services LLC bought a new stake in shares of CB Financial Services in the 2nd quarter worth $393,000. Finally, De Lisle Partners LLP increased its holdings in CB Financial Services by 9.1% in the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank's stock worth $823,000 after buying an additional 2,429 shares in 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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