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

CB Financial Services, Inc. (NASDAQ:CBFV) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.09 and traded as low as $34.30. CB Financial Services shares last traded at $34.33, with a volume of 5,562 shares changing hands.

Wall Street Analysts Forecast Growth

CBFV has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a research report on Friday, March 27th. DA Davidson initiated coverage on shares of CB Financial Services in a research report on Wednesday, February 25th. They set a “buy” rating and a $43.00 price target on the stock. Finally, Zacks Research raised shares of CB Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.00.

CB Financial Services Price Performance

The business’s fifty day moving average is $35.07 and its 200-day moving average is $35.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $171.97 million, a PE ratio of 26.29 and a beta of 0.28.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. CB Financial Services had a net margin of 8.32% and a return on equity of 10.07%. The business had revenue of $14.82 million during the quarter, compared to the consensus estimate of $15.50 million. On average, research analysts predict that CB Financial Services, Inc. will post 3.12 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, May 15th. CB Financial Services’s dividend payout ratio (DPR) is 86.82%.

Hedge Funds Weigh In On CB Financial Services

Large investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its stake in shares of CB Financial Services by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 5,097 shares of the bank’s stock worth $178,000 after purchasing an additional 1,611 shares in the last quarter. Deutsche Bank AG increased its stake in shares of CB Financial Services by 28.7% in the fourth quarter. Deutsche Bank AG now owns 3,718 shares of the bank’s stock worth $130,000 after purchasing an additional 830 shares in the last quarter. Bank of America Corp DE increased its stake in shares of CB Financial Services by 1,130.8% in the second quarter. Bank of America Corp DE now owns 4,111 shares of the bank’s stock worth $117,000 after purchasing an additional 3,777 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of CB Financial Services by 30.3% in the first quarter. Acadian Asset Management LLC now owns 4,158 shares of the bank’s stock worth $115,000 after purchasing an additional 966 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new position in shares of CB Financial Services in the second quarter worth about $105,000. Hedge funds and other 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.