CB Financial Services (CBFV) to Release Quarterly Earnings on Friday

CB Financial Services (NASDAQ:CBFV) is expected to issue its quarterly earnings data before the market opens on Friday, April 25th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $12.69 million for the quarter.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.12). CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. On average, analysts expect CB Financial Services to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CB Financial Services Stock Performance

NASDAQ:CBFV opened at $28.63 on Friday. CB Financial Services has a 1-year low of $20.75 and a 1-year high of $33.72. The firm has a 50 day simple moving average of $28.30 and a 200-day simple moving average of $28.96. The firm has a market cap of $146.07 million, a PE ratio of 11.98 and a beta of 0.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87.

CB Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Friday, February 14th. CB Financial Services’s dividend payout ratio is presently 41.84%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on CB Financial Services in a research note on Thursday, December 26th. They issued a “hold” rating for the company.

Institutional Investors Weigh In On CB Financial Services

An institutional investor recently raised its position in CB Financial Services stock. Bank of America Corp DE lifted its position in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 1,093.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,807 shares of the bank’s stock after buying an additional 3,488 shares during the period. Bank of America Corp DE owned approximately 0.07% of CB Financial Services worth $109,000 as of its most recent SEC filing. 33.06% of the stock is owned by institutional investors and hedge funds.

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.