CB Financial Services (NASDAQ:CBFV) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Shares of CB Financial Services, Inc. (NASDAQ:CBFV) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $34.12 and traded as high as $36.69. CB Financial Services shares last traded at $35.06, with a volume of 2,429 shares.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CBFV. Keefe, Bruyette & Woods raised their price target on CB Financial Services from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of CB Financial Services in a research report on Monday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CB Financial Services has an average rating of “Hold” and an average target price of $36.00.

CB Financial Services Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.88. The firm’s 50-day moving average is $34.12 and its two-hundred day moving average is $32.18. The company has a market cap of $175.65 million, a P/E ratio of 73.04 and a beta of 0.29.

CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Thursday, October 23rd. The bank reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.08. The business had revenue of $2.42 million during the quarter, compared to analyst estimates of $13.96 million. CB Financial Services had a return on equity of 8.42% and a net margin of 3.37%. Analysts anticipate that CB Financial Services, Inc. will post 1.82 earnings per share for the current year.

CB Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a $0.26 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.04 dividend on an annualized basis and a yield of 3.0%. CB Financial Services’s dividend payout ratio (DPR) is 216.67%.

CB Financial Services announced that its board has authorized a stock repurchase program on Thursday, September 4th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the bank to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Transactions at CB Financial Services

In other CB Financial Services news, EVP Bruce A. Sharp purchased 1,000 shares of the stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of $32.80 per share, with a total value of $32,800.00. Following the completion of the acquisition, the executive vice president owned 1,000 shares in the company, valued at $32,800. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On CB Financial Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC grew its stake in shares of CB Financial Services by 0.8% in the second 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 in the last quarter. Citadel Advisors LLC increased its stake in CB Financial Services by 8.0% in the third quarter. Citadel Advisors LLC now owns 8,576 shares of the bank’s stock valued at $285,000 after purchasing an additional 632 shares during the period. BNP Paribas Financial Markets grew its stake in shares of 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 purchasing an additional 635 shares during the last quarter. Empowered Funds LLC increased its stake in CB Financial Services by 2.5% in the 1st quarter. Empowered Funds LLC now owns 34,000 shares of the bank’s stock valued at $967,000 after buying an additional 828 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of CB Financial Services by 22.5% in the third quarter. Bank of America Corp DE now owns 5,035 shares of the bank’s stock valued at $167,000 after buying an additional 924 shares in the last quarter. Institutional investors and hedge funds own 33.06% of the company’s stock.

About CB Financial Services

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.