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

StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report published on Thursday. The firm issued a hold rating on the bank’s stock.

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

CB Financial Services Stock Performance

Shares of NASDAQ:CBFV opened at $28.81 on Thursday. 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 has a 12 month low of $20.75 and a 12 month high of $33.72. The company has a market capitalization of $147.62 million, a price-to-earnings ratio of 6.47 and a beta of 0.58. The firm’s 50-day moving average is $29.97 and its 200 day moving average is $26.84.

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

CB Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.47%. CB Financial Services’s dividend payout ratio (DPR) is presently 22.47%.

Insider Activity at CB Financial Services

In other news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the company’s stock in a transaction that occurred on 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 directly owns 15,194 shares of the company’s stock, valued at $495,780.22. This represents a 18.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Mark E. Fox sold 3,538 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $31.50, for a total value of $111,447.00. Following the transaction, the chairman now directly owns 11,414 shares of the company’s stock, valued at $359,541. The trade was a 23.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,703 shares of company stock valued at $247,995 in the last ninety days. Corporate insiders own 9.40% of the company’s stock.

Hedge Funds Weigh In On CB Financial Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of CB Financial Services during the 3rd quarter valued at about $941,000. Commonwealth Equity Services LLC purchased a new stake in CB Financial Services during the 2nd quarter worth about $393,000. Fourthstone LLC acquired a new stake in shares of CB Financial Services in the 3rd quarter valued at $373,000. Janney Montgomery Scott LLC raised its position in shares of CB Financial Services by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock worth $10,204,000 after acquiring an additional 8,143 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in CB Financial Services by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock worth $1,352,000 after acquiring an additional 4,295 shares in the last quarter. 33.06% of the stock is currently owned by institutional investors and hedge funds.

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.