DA Davidson Issues Pessimistic Outlook for CBFV Earnings

CB Financial Services, Inc. (NASDAQ:CBFV) – Stock analysts at DA Davidson cut their Q4 2024 earnings per share estimates for shares of CB Financial Services in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst M. Navas now expects that the bank will post earnings of $0.43 per share for the quarter, down from their previous estimate of $0.44. DA Davidson has a “Neutral” rating and a $27.00 price objective 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) last posted its earnings results on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. The company had revenue of $21.01 million during the quarter, compared to analyst estimates of $12.60 million.

Separately, StockNews.com assumed coverage on shares of CB Financial Services in a research report on Tuesday, December 17th. They set a “hold” rating on the stock.

CB Financial Services Trading Down 0.9 %

CBFV opened at $29.43 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $150.80 million, a P/E ratio of 6.61 and a beta of 0.58. The firm’s fifty day simple moving average is $29.92 and its 200 day simple moving average is $26.70. CB Financial Services has a 12 month low of $20.75 and a 12 month high of $33.72.

CB Financial Services Dividend Announcement

The firm also recently announced 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 was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 3.40%. CB Financial Services’s dividend payout ratio is currently 22.47%.

Insider Buying and Selling at CB Financial Services

In other CB Financial Services news, Vice Chairman Charles R. Guthrie sold 3,415 shares of CB Financial Services stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $32.63, for a total transaction of $111,431.45. Following the completion of the sale, the insider now directly owns 15,194 shares in the company, valued at $495,780.22. The trade was a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark E. Fox sold 3,538 shares of CB Financial Services stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $31.50, for a total value of $111,447.00. Following the completion of the transaction, the chairman now owns 11,414 shares in the company, valued at approximately $359,541. This represents a 23.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,703 shares of company stock valued at $247,995. Corporate insiders own 9.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in CB Financial Services in the third quarter worth about $941,000. Barclays PLC raised its position in CB Financial Services by 12.7% in the third quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after acquiring an additional 943 shares during the period. Geode Capital Management LLC grew its holdings 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 period. Fourthstone LLC purchased a new stake in CB Financial Services in the 3rd quarter worth approximately $373,000. Finally, De Lisle Partners LLP raised 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 during the period. 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.