Key Points
- Vice Chairman Charles Guthrie sold 1,913 CBFV shares on Feb. 6 at an average price of $37.35 for $71,450.55, reducing his stake by 10.23% to 16,796 shares (valued at ~$627,331).
- CB Financial missed quarterly estimates, reporting EPS of $0.72 vs. $0.83 expected and revenue of $14.79M vs. $14.90M, while analysts project full-year EPS of about $1.82.
- The board raised the quarterly dividend to $0.28 (annualized $1.12, ~3.0% yield), but the payout ratio is very high at 114.29%, raising questions about sustainability.
CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) Vice Chairman Charles Guthrie sold 1,913 shares of CB Financial Services stock in a transaction on Friday, February 6th. The stock was 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 in the company, valued at $627,330.60. The trade was a 10.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
CB Financial Services Trading Up 0.2%
Shares of NASDAQ CBFV opened at $37.35 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.23. CB Financial Services, Inc. has a 12 month low of $26.01 and a 12 month high of $37.75. The company has a market cap of $187.12 million, a price-to-earnings ratio of 41.04 and a beta of 0.29. The business has a fifty day simple moving average of $35.53 and a 200-day simple moving average of $33.81.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.11). CB Financial Services had a return on equity of 9.61% and a net margin of 6.09%.The company had revenue of $14.79 million for the quarter, compared to analyst estimates of $14.90 million. Sell-side analysts predict that CB Financial Services, Inc. will post 1.82 EPS for the current year.
CB Financial Services Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.28 dividend. This is a boost from CB Financial Services's previous quarterly dividend of $0.26. The ex-dividend date is Friday, February 13th. This represents a $1.12 annualized dividend and a dividend yield of 3.0%. CB Financial Services's payout ratio is currently 114.29%.
Institutional Trading of CB Financial Services
Institutional investors have recently bought and sold shares of the company. M3F Inc. lifted its holdings in shares of CB Financial Services by 79.8% during 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 last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in CB Financial Services during the second quarter valued at approximately $30,000. BNP Paribas Financial Markets lifted its stake in CB Financial Services by 89.7% in the third quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank's stock valued at $45,000 after acquiring an additional 635 shares during the last quarter. Raymond James Financial Inc. bought a new stake in CB Financial Services in the second quarter worth approximately $99,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of CB Financial Services during the 2nd quarter worth $73,000. Institutional investors and hedge funds own 33.06% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on CBFV shares. Weiss Ratings reissued a "hold (c)" rating on shares of CB Financial Services in a research note on Monday, December 29th. Keefe, Bruyette & Woods lowered their price target on CB Financial Services from $40.00 to $39.00 and set an "outperform" rating on the stock in a report on Thursday, January 29th. Finally, Zacks Research downgraded CB Financial Services from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $35.50.
Read Our Latest Research Report on CBFV
CB Financial Services Company Profile
(
Get Free Report)
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.
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