CB Financial Services (NASDAQ:CBFV) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

CB Financial Services, Inc. (NASDAQ:CBFV)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $28.83 and traded as low as $27.86. CB Financial Services shares last traded at $28.48, with a volume of 39,566 shares traded.

Analyst Ratings Changes

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

CB Financial Services Price Performance

The stock has a 50-day simple moving average of $28.91 and a 200 day simple moving average of $28.86. The stock has a market capitalization of $145.93 million, a P/E ratio of 11.92 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87.

CB Financial Services (NASDAQ:CBFV) last posted 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, equities analysts forecast that CB Financial Services, Inc. will post 1.82 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.51%. CB Financial Services’s dividend payout ratio is 41.84%.

Insider Activity at CB Financial Services

In other CB Financial Services news, Chairman Mark E. Fox sold 3,538 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $31.50, for a total transaction of $111,447.00. Following the completion of the transaction, the chairman now owns 11,414 shares of the company’s stock, valued at $359,541. This represents a 23.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 4,288 shares of company stock worth $136,564 in the last quarter. Corporate insiders own 9.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its stake in shares of CB Financial Services by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after buying an additional 1,608 shares during the last quarter. De Lisle Partners LLP increased its position in shares of CB Financial Services by 9.1% during the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after purchasing an additional 2,429 shares during the last quarter. Fourthstone LLC bought a new stake in shares of CB Financial Services during the 3rd quarter worth approximately $373,000. Barclays PLC raised its stake in shares of CB Financial Services by 12.7% during the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after purchasing an additional 943 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in CB Financial Services by 9.7% during the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock worth $1,352,000 after buying an additional 4,295 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 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.