CB Financial Services (NASDAQ:CBFV) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research report sent to investors 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 company a “neutral” rating in a research note on Tuesday, October 29th.

CB Financial Services Price Performance

Shares of CBFV opened at $29.69 on Tuesday. CB Financial Services has a twelve month low of $20.75 and a twelve month high of $33.72. The company has a market capitalization of $152.13 million, a P/E ratio of 6.67 and a beta of 0.58. The firm has a 50 day moving average of $29.90 and a 200 day moving average of $26.62. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23.

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

CB Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.37%. CB Financial Services’s payout ratio is 22.47%.

Insider Transactions at CB Financial Services

In other news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the business’s stock in a transaction 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 owns 15,194 shares of the company’s stock, valued at $495,780.22. The trade was a 18.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Mark E. Fox sold 3,538 shares of the firm’s stock in a transaction on 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 directly owns 11,414 shares in the company, valued at approximately $359,541. This represents a 23.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,703 shares of company stock worth $247,995 in the last ninety days. Insiders own 9.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new position in CB Financial Services during the third quarter valued at approximately $941,000. Barclays PLC increased its stake in CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after buying an additional 943 shares in the last quarter. Geode Capital Management LLC raised 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 acquiring an additional 4,295 shares during the period. Fourthstone LLC purchased a new position in shares of CB Financial Services in the third quarter valued at about $373,000. Finally, De Lisle Partners LLP raised its stake in 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.