CB Financial Services (NASDAQ:CBFV) Issues Quarterly Earnings Results

CB Financial Services (NASDAQ:CBFV) issued its quarterly earnings results on Wednesday. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.12), Zacks reports. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%.

CB Financial Services Price Performance

Shares of CB Financial Services stock traded up $0.11 on Wednesday, hitting $29.26. 5,058 shares of the company traded hands, compared to its average volume of 6,450. The stock has a market capitalization of $149.93 million, a P/E ratio of 6.58 and a beta of 0.60. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. CB Financial Services has a 52 week low of $20.75 and a 52 week high of $33.72. The business has a 50-day simple moving average of $29.74 and a 200 day simple moving average of $27.85.

Insider Activity

In related 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 value of $111,431.45. Following the sale, the insider now owns 15,194 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, Chairman Mark E. Fox sold 3,538 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $31.50, for a total transaction of $111,447.00. Following the completion of the sale, the chairman now owns 11,414 shares in the company, valued at $359,541. This represents a 23.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,703 shares of company stock worth $247,995 over the last quarter. Insiders own 9.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CBFV. DA Davidson lifted 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. StockNews.com began coverage on shares of CB Financial Services in a report on Thursday, December 26th. They set a “hold” rating on the 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.