CB Financial Services (NASDAQ:CBFV) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

CB Financial Services, Inc. (NASDAQ:CBFV)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $34.53 and traded as low as $34.28. CB Financial Services shares last traded at $34.28, with a volume of 3,358 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CBFV. Zacks Research cut CB Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a report on Monday, December 29th. Finally, 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 report on Monday, October 27th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.00.

CB Financial Services Stock Performance

The business has a 50 day moving average of $34.53 and a 200-day moving average of $32.65. The company has a market capitalization of $171.74 million, a P/E ratio of 71.42 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 0.88.

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

CB Financial Services Announces Dividend

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

Insider Buying and Selling

In other news, EVP Bruce A. Sharp purchased 1,000 shares of CB Financial Services stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of $32.80 per share, for a total transaction of $32,800.00. Following the transaction, the executive vice president directly owned 1,000 shares of the company’s stock, valued at approximately $32,800. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CB Financial Services

Several large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its position in CB Financial Services by 1.1% during the second quarter. Janney Montgomery Scott LLC now owns 340,462 shares of the bank’s stock worth $9,703,000 after buying an additional 3,816 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of CB Financial Services by 158.5% during the 3rd quarter. Vanguard Group Inc. now owns 246,068 shares of the bank’s stock valued at $8,172,000 after acquiring an additional 150,873 shares during the last quarter. M3F Inc. grew its holdings in shares of CB Financial Services by 79.8% during the second quarter. M3F Inc. now owns 175,358 shares of the bank’s stock worth $4,998,000 after purchasing an additional 77,809 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of CB Financial Services by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 166,918 shares of the bank’s stock worth $4,757,000 after purchasing an additional 2,044 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of CB Financial Services by 112.2% in the second 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 during the last quarter. Institutional investors 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.