Key Points
- Insider sale: Director Stephen Cobain sold 1,792 shares on March 5 at an average price of $34.58 (≈$61,967), leaving him with 4,313 shares — a 29.35% reduction in his holdings, disclosed in an SEC filing.
- Earnings miss: CB Financial reported Q1 EPS of $0.72 vs. $0.83 expected and revenue slightly below estimates, with a net margin of 6.09% and a trailing PE of 37.68.
- Dividend raise but high payout: The quarterly dividend was increased to $0.28 ($1.12 annualized) for a 3.3% yield, though the payout ratio stands at 123.08%, which may raise sustainability concerns.
CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) insider Stephen Cobain sold 1,792 shares of the firm's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $34.58, for a total value of $61,967.36. Following the completion of the sale, the insider owned 4,313 shares of the company's stock, valued at approximately $149,143.54. This trade represents a 29.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
CB Financial Services Trading Down 0.9%
Shares of CBFV stock traded down $0.31 on Friday, reaching $34.29. 8,707 shares of the stock were exchanged, compared to its average volume of 5,147. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.88. CB Financial Services, Inc. has a one year low of $26.01 and a one year high of $37.75. The stock has a market cap of $171.79 million, a PE ratio of 37.68 and a beta of 0.28. The stock has a 50 day moving average price of $35.41 and a 200 day moving average price of $34.25.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $14.79 million during the quarter, compared to the consensus estimate of $14.90 million. Equities research analysts forecast that CB Financial Services, Inc. will post 1.82 EPS for the current fiscal year.
CB Financial Services Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from CB Financial Services's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 3.3%. CB Financial Services's payout ratio is presently 123.08%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on CBFV. Weiss Ratings reissued a "hold (c)" rating on shares of CB Financial Services in a research report on Monday, December 29th. Keefe, Bruyette & Woods dropped their price target on 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. Zacks Research cut CB Financial Services from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 29th. Finally, DA Davidson assumed coverage on CB Financial Services in a research report on Wednesday, February 25th. They issued a "buy" rating and a $43.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.00.
Check Out Our Latest Research Report on CB Financial Services
Hedge Funds Weigh In On CB Financial Services
Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of CB Financial Services by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 106,009 shares of the bank's stock valued at $3,696,000 after purchasing an additional 386 shares during the period. Bridgeway Capital Management LLC grew its stake in CB Financial Services by 0.8% in the 2nd quarter. Bridgeway Capital Management LLC now owns 65,537 shares of the bank's stock valued at $1,868,000 after buying an additional 537 shares during the last quarter. Citadel Advisors LLC grew its stake in CB Financial Services by 8.0% in the 3rd quarter. Citadel Advisors LLC now owns 8,576 shares of the bank's stock valued at $285,000 after buying an additional 632 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in CB Financial Services by 89.7% in the 3rd 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 period. Finally, Barclays PLC raised its holdings in CB Financial Services by 5.1% in the 4th quarter. Barclays PLC now owns 14,577 shares of the bank's stock valued at $508,000 after acquiring an additional 701 shares during the period. 33.06% of the stock is currently owned by institutional investors and hedge funds.
About CB Financial Services
(
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.
Further Reading
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