CB Financial Services (NASDAQ:CBFV) Posts Earnings Results, Beats Estimates By $0.10 EPS

CB Financial Services (NASDAQ:CBFV) announced its quarterly earnings results on Monday. The bank reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.10, FiscalAI reports. CB Financial Services had a return on equity of 10.08% and a net margin of 8.52%. The business had revenue of $16.02 million during the quarter, compared to the consensus estimate of $16.25 million.

CB Financial Services Price Performance

Shares of NASDAQ CBFV traded up $0.50 during midday trading on Monday, reaching $39.15. The company’s stock had a trading volume of 7,215 shares, compared to its average volume of 5,152. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $198.88 million, a P/E ratio of 29.00 and a beta of 0.29. The business’s 50 day moving average price is $37.41 and its two-hundred day moving average price is $36.61. CB Financial Services has a fifty-two week low of $31.72 and a fifty-two week high of $39.55.

Insider Buying and Selling

In other CB Financial Services news, Director John Swiatek sold 1,000 shares of CB Financial Services stock in a transaction on Friday, August 14th. The stock was sold at an average price of $37.06, for a total value of $37,060.00. Following the completion of the transaction, the director directly owned 12,644 shares of the company’s stock, valued at $468,586.64. The trade was a 7.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Cobain sold 1,500 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $37.10, for a total value of $55,650.00. Following the sale, the insider owned 4,313 shares of the company’s stock, valued at approximately $160,012.30. The trade was a 25.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 10.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a research report on Monday, September 21st. DA Davidson raised their price objective on shares of CB Financial Services from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods boosted their price objective on CB Financial Services from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

CB Financial Services Company Profile

CB Financial Services, Inc is a bank holding company headquartered in Carmichaels, Pennsylvania. Its principal subsidiary, Community Bank, provides personal and business banking services to individuals, families, farms, and companies in the communities it serves.

Community Bank offers a range of deposit products, including checking, savings, money market, and time deposit accounts. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, business loans, agricultural loans, and consumer credit.