CB Financial Services (NASDAQ:CBFV) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

CB Financial Services, Inc. (NASDAQ:CBFV) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $26.75 and traded as high as $28.04. CB Financial Services shares last traded at $28.04, with a volume of 489 shares trading hands.

Wall Street Analyst Weigh In

CBFV has been the subject of several analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $25.00 target price (up previously from $24.00) on shares of CB Financial Services in a report on Monday, July 29th. StockNews.com started coverage on shares of CB Financial Services in a research note on Tuesday. They issued a “hold” rating for the company.

CB Financial Services Stock Performance

The firm has a 50-day moving average price of $26.75 and a two-hundred day moving average price of $23.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $144.18 million, a P/E ratio of 6.37 and a beta of 0.57.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. The company had revenue of $19.63 million during the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a net margin of 24.64% and a return on equity of 8.61%. On average, analysts forecast that CB Financial Services, Inc. will post 2.19 EPS for the current fiscal year.

CB Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Thursday, August 15th. CB Financial Services’s dividend payout ratio (DPR) is presently 22.73%.

Hedge Funds Weigh In On CB Financial Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC lifted its stake in CB Financial Services by 115.4% in the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after acquiring an additional 1,119 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of CB Financial Services in the 2nd quarter valued at about $393,000. Finally, Empowered Funds LLC raised its holdings in shares of CB Financial Services by 7.9% in the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors own 33.06% of the company’s stock.

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.