CB Financial Services (NASDAQ:CBFV) Share Price Passes Above 50 Day Moving Average – Time to Sell?

CB Financial Services, Inc. (NASDAQ:CBFV) shares crossed 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 trading hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CBFV. Keefe, Bruyette & Woods reduced their price objective on shares of CB Financial Services from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Zacks Research lowered CB Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CB Financial Services in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, CB Financial Services has an average rating of “Hold” and a consensus target price of $35.50.

CB Financial Services Stock Down 3.2%

The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $35.74 and a two-hundred day simple moving average of $34.00. The stock has a market capitalization of $178.69 million, a P/E ratio of 39.19 and a beta of 0.29.

CB Financial Services (NASDAQ:CBFV) last announced its 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). The business had revenue of $14.79 million for the quarter, compared to the consensus estimate of $14.90 million. CB Financial Services had a return on equity of 9.61% and a net margin of 6.09%. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.1%. This is an increase from CB Financial Services’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, February 13th. CB Financial Services’s dividend payout ratio (DPR) is 123.08%.

Insider Buying and Selling at CB Financial Services

In other news, Vice Chairman Charles R. Guthrie sold 1,913 shares of the business’s stock in a transaction 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 completion of the transaction, the insider owned 16,796 shares of the company’s stock, valued at $627,330.60. The trade was a 10.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.70% of the stock is owned by corporate insiders.

Institutional Trading of CB Financial Services

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of CB Financial Services by 158.5% during the third quarter. Vanguard Group Inc. now owns 246,068 shares of the bank’s stock worth $8,172,000 after buying an additional 150,873 shares during the period. M3F Inc. raised its stake in 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 acquiring an additional 77,809 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of CB Financial Services by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 166,918 shares of the bank’s stock worth $4,757,000 after buying an additional 2,044 shares during the last quarter. Geode Capital Management LLC boosted 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 worth $3,067,000 after acquiring an additional 56,889 shares during the period. Finally, Bridgeway Capital Management LLC boosted 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 valued at $2,253,000 after purchasing an additional 2,303 shares during the period. 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.