Key Points
- COO Jennifer George sold 2,110 shares for $85,222.90 at an average price of $40.39, reducing her stake by 13.84% to 13,140 shares.
- CB Financial Services reported quarterly EPS of $0.91, beating the $0.81 consensus, while revenue of $16.02 million fell short of estimates.
- The company declared a quarterly dividend of $0.28 per share, equivalent to a 2.7% annualized yield; analysts’ consensus rating is “Moderate Buy,” with an average price target of $42.50.
CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) COO Jennifer George sold 2,110 shares of the firm's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $40.39, for a total transaction of $85,222.90. Following the completion of the sale, the chief operating officer owned 13,140 shares in the company, valued at approximately $530,724.60. The trade was a 13.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
CB Financial Services Price Performance
NASDAQ:CBFV opened at $41.20 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.85. CB Financial Services, Inc. has a one year low of $31.72 and a one year high of $41.31. The company has a fifty day moving average price of $37.82 and a 200 day moving average price of $36.34. The stock has a market cap of $209.38 million, a P/E ratio of 12.08 and a beta of 0.28.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The bank reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.10. CB Financial Services had a net margin of 21.00% and a return on equity of 10.56%. The company had revenue of $16.02 million for the quarter, compared to analyst estimates of $16.25 million. Analysts anticipate that CB Financial Services, Inc. will post 3.30 earnings per share for the current year.
CB Financial Services Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, November 13th. CB Financial Services's dividend payout ratio (DPR) is presently 32.84%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in CB Financial Services during the 2nd quarter valued at about $10,625,000. The Manufacturers Life Insurance Company acquired a new stake in shares of CB Financial Services during the second quarter worth approximately $5,843,000. Empowered Funds LLC acquired a new position in shares of CB Financial Services in the 2nd quarter worth approximately $1,358,000. De Lisle Partners LLP bought a new stake in CB Financial Services during the 2nd quarter worth approximately $1,268,000. Finally, Bank of New York Mellon Corp bought a new stake in CB Financial Services during the 2nd quarter worth approximately $407,000. 33.06% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently issued reports on CBFV shares. Weiss Ratings restated a "hold (c)" rating on shares of CB Financial Services in a research note on Monday, September 21st. DA Davidson reiterated a "buy" rating and issued a $44.00 price objective on shares of CB Financial Services in a research report on Tuesday, October 27th. Finally, Keefe, Bruyette & Woods lifted their price objective on CB Financial Services from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.50.
View Our Latest Stock Report on CB Financial Services
CB Financial Services Company Profile
(
Get Free Report)
CB Financial Services, Inc is a bank holding company headquartered in Carmichaels, Pennsylvania. Its principal subsidiary, Community Bank, provides personal and business banking services to individuals, families, farms, and companies in the communities it serves.
Community Bank offers a range of deposit products, including checking, savings, money market, and time deposit accounts. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, business loans, agricultural loans, and consumer credit.
Further Reading
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