CB Financial Services (NASDAQ:CBFV) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research report released on Tuesday morning. The brokerage issued a hold rating on the bank’s stock.

Separately, DA Davidson upped their target price on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

CB Financial Services Trading Down 3.3 %

Shares of CBFV stock opened at $30.89 on Tuesday. CB Financial Services has a 1 year low of $20.75 and a 1 year high of $33.72. The firm has a fifty day moving average price of $29.84 and a 200-day moving average price of $26.58. 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 cap of $158.28 million, a price-to-earnings ratio of 6.94 and a beta of 0.58.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. The firm had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. As a group, equities analysts predict that CB Financial Services will post 2.18 earnings per share for the current year.

CB Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Friday, November 15th. CB Financial Services’s dividend payout ratio (DPR) is presently 22.47%.

Insider Activity

In other news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $32.63, for a total transaction of $111,431.45. Following the completion of the transaction, the insider now owns 15,194 shares in the company, valued at $495,780.22. This trade represents a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 4,165 shares of company stock worth $136,548 over the last 90 days. Corporate insiders own 9.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in shares of CB Financial Services by 2.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after acquiring an additional 8,143 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CB Financial Services by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock valued at $1,352,000 after acquiring an additional 4,295 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of CB Financial Services in the 3rd quarter valued at about $941,000. Empowered Funds LLC lifted its holdings in shares of CB Financial Services by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock valued at $911,000 after acquiring an additional 1,608 shares during the last quarter. Finally, De Lisle Partners LLP lifted its holdings in shares of CB Financial Services by 9.1% in the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock valued at $823,000 after acquiring an additional 2,429 shares during the last quarter. Hedge funds and other institutional investors own 33.06% of the company’s stock.

CB Financial Services Company Profile

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.