CB Financial Services (NASDAQ:CBFV) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

CB Financial Services, Inc. (NASDAQ:CBFV) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $34.12 and traded as high as $36.69. CB Financial Services shares last traded at $35.06, with a volume of 2,429 shares trading hands.

Analyst Ratings Changes

A number of analysts have commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of CB Financial Services from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of CB Financial Services in a research note on Monday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.00.

CB Financial Services Stock Performance

The stock’s 50-day moving average is $34.12 and its 200 day moving average is $32.18. 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 firm has a market cap of $175.65 million, a P/E ratio of 73.04 and a beta of 0.29.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data on Thursday, October 23rd. The bank reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. The business had revenue of $2.42 million for the quarter, compared to analyst estimates of $13.96 million. CB Financial Services had a net margin of 3.37% and a return on equity of 8.42%. On average, research analysts predict that CB Financial Services, Inc. will post 1.82 earnings per share for the current year.

CB Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, November 14th. CB Financial Services’s dividend payout ratio is presently 216.67%.

CB Financial Services declared that its Board of Directors has approved a stock repurchase plan on Thursday, September 4th that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the bank to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at CB Financial Services

In other CB Financial Services news, EVP Bruce A. Sharp acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of $32.80 per share, with a total value of $32,800.00. Following the completion of the transaction, the executive vice president directly owned 1,000 shares in the company, valued at approximately $32,800. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On CB Financial Services

A number of large investors have recently modified their holdings of CBFV. Vanguard Group Inc. increased its holdings in CB Financial Services by 158.5% in the 3rd quarter. Vanguard Group Inc. now owns 246,068 shares of the bank’s stock worth $8,172,000 after purchasing an additional 150,873 shares in the last quarter. M3F Inc. grew its stake in shares of CB Financial Services by 79.8% in the 2nd quarter. M3F Inc. now owns 175,358 shares of the bank’s stock valued at $4,998,000 after buying an additional 77,809 shares during the period. Geode Capital Management LLC increased its holdings in shares of CB Financial Services by 112.2% during the second quarter. Geode Capital Management LLC now owns 107,608 shares of the bank’s stock valued at $3,067,000 after acquiring an additional 56,889 shares in the last quarter. Jane Street Group LLC acquired a new position in CB Financial Services during the 1st quarter valued at about $537,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of CB Financial Services by 108.0% in the first quarter. Goldman Sachs Group Inc. now owns 22,538 shares of the bank’s stock valued at $641,000 after purchasing an additional 11,704 shares during the last quarter. Institutional investors and hedge funds own 33.06% of the company’s stock.

CB Financial Services Company Profile

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.