CB Financial Services (NASDAQ:CBFV) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

CB Financial Services, Inc. (NASDAQ:CBFV) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

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

CB Financial Services Trading Down 1.3%

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 company’s fifty day moving average is $35.07 and its 200-day moving average is $35.09. The stock has a market cap of $174.05 million, a PE ratio of 26.61 and a beta of 0.28.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Wednesday, April 22nd. The bank reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $14.82 million during the quarter, compared to analysts’ expectations of $15.50 million. On average, 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 firm also recently announced 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 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, May 15th. CB Financial Services’s dividend payout ratio (DPR) is 86.82%.

Insider Activity

In related news, 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 transaction of $61,967.36. Following the completion of the transaction, the insider owned 4,313 shares of the company’s stock, valued at $149,143.54. This trade represents a 29.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CBFV. Vanguard Group Inc. raised its holdings in shares of CB Financial Services by 158.5% during the third quarter. Vanguard Group Inc. now owns 246,068 shares of the bank’s stock worth $8,172,000 after purchasing an additional 150,873 shares during the last quarter. Geode Capital Management LLC increased its holdings in CB Financial Services by 112.2% in the second quarter. Geode Capital Management LLC now owns 107,608 shares of the bank’s stock valued at $3,067,000 after buying an additional 56,889 shares in the last quarter. Jane Street Group LLC purchased a new position in CB Financial Services in the first quarter valued at $537,000. Goldman Sachs Group Inc. increased its holdings in CB Financial Services by 108.0% in the first quarter. Goldman Sachs Group Inc. now owns 22,538 shares of the bank’s stock valued at $641,000 after buying an additional 11,704 shares in the last quarter. Finally, HBK Sorce Advisory LLC purchased a new position in CB Financial Services in the fourth quarter valued at $396,000. Hedge funds and other institutional investors 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.