CB Financial Services (NASDAQ:CBFV) Share Price Crosses Above 50-Day Moving Average – What’s Next?

CB Financial Services, Inc. (NASDAQ:CBFV)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $35.44 and traded as high as $37.49. CB Financial Services shares last traded at $37.33, with a volume of 4,438 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Zacks Research downgraded CB Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of CB Financial Services from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $35.50.

CB Financial Services Stock Down 0.2%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $186.67 million, a P/E ratio of 40.95 and a beta of 0.29. The stock has a 50 day moving average price of $35.49 and a 200 day moving average price of $33.76.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $0.72 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.11). CB Financial Services had a return on equity of 9.61% and a net margin of 6.09%.The business had revenue of $14.79 million during the quarter, compared to the consensus estimate of $14.90 million. Research analysts expect that CB Financial Services, Inc. will post 1.82 earnings per share for the current fiscal year.

CB Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.12 annualized dividend and a dividend yield of 3.0%. This is a boost from CB Financial Services’s previous quarterly dividend of $0.26. CB Financial Services’s dividend payout ratio is 114.29%.

Insider Activity

In related news, EVP Bruce A. Sharp bought 1,000 shares of CB Financial Services stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average cost of $32.80 per share, with a total value of $32,800.00. Following the completion of the acquisition, the executive vice president directly owned 1,000 shares in the company, valued at approximately $32,800. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 9.70% of the stock is owned by company insiders.

Institutional Trading of CB Financial Services

Hedge funds have recently made changes to their positions in the stock. Wesbanco Bank Inc. grew its position in CB Financial Services by 21.9% during the fourth quarter. Wesbanco Bank Inc. now owns 13,307 shares of the bank’s stock valued at $464,000 after purchasing an additional 2,395 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of CB Financial Services by 71.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,209 shares of the bank’s stock valued at $140,000 after buying an additional 1,752 shares during the period. Citadel Advisors LLC grew its holdings in shares of CB Financial Services by 8.0% during the 3rd quarter. Citadel Advisors LLC now owns 8,576 shares of the bank’s stock valued at $285,000 after acquiring an additional 632 shares in the last quarter. Bank of America Corp DE increased its stake in shares of CB Financial Services by 22.5% in the third quarter. Bank of America Corp DE now owns 5,035 shares of the bank’s stock worth $167,000 after acquiring an additional 924 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of CB Financial Services by 3.5% during the third quarter. Bridgeway Capital Management LLC now owns 67,840 shares of the bank’s stock worth $2,253,000 after acquiring an additional 2,303 shares in the last quarter. 33.06% of the stock is owned by hedge funds and other institutional investors.

About CB Financial Services

CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.

The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.