CB Financial Services (NASDAQ:CBFV) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

CB Financial Services, Inc. (NASDAQ:CBFV) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $35.72 and traded as high as $37.11. CB Financial Services shares last traded at $36.83, with a volume of 2,151 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CBFV shares. Zacks Research lowered CB Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CB Financial Services in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.50.

CB Financial Services Stock Down 1.0%

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 $184.52 million, a P/E ratio of 40.47 and a beta of 0.29. The stock has a 50 day moving average price of $35.72 and a 200 day moving average price of $33.96.

CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Tuesday, January 27th. The bank reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.11). CB Financial Services had a net margin of 6.09% and a return on equity of 9.61%. The firm had revenue of $14.79 million for 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 firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a dividend of $0.28 per share. This is a boost from CB Financial Services’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, February 13th. CB Financial Services’s dividend payout ratio (DPR) is currently 123.08%.

Insider Transactions at CB Financial Services

In other CB Financial Services news, Vice Chairman Charles R. Guthrie sold 1,913 shares of CB Financial Services stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $37.35, for a total value of $71,450.55. Following the transaction, the insider owned 16,796 shares in the company, valued at approximately $627,330.60. The trade was a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 9.40% of the company’s stock.

Institutional Investors Weigh In On CB Financial Services

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of 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 acquiring an additional 150,873 shares during the last quarter. M3F Inc. boosted its position 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 purchasing an additional 77,809 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of CB Financial Services by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 166,918 shares of the bank’s stock valued at $4,757,000 after purchasing an additional 2,044 shares during the period. Geode Capital Management LLC increased its stake in CB Financial Services by 112.2% in the 2nd quarter. Geode Capital Management LLC now owns 107,608 shares of the bank’s stock worth $3,067,000 after purchasing an additional 56,889 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in CB Financial Services by 3.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 67,840 shares of the bank’s stock worth $2,253,000 after purchasing an additional 2,303 shares in the last quarter. 33.06% of the stock is owned by 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.