CB Financial Services (NASDAQ:CBFV) Releases Earnings Results, Misses Estimates By $0.12 EPS

CB Financial Services (NASDAQ:CBFV) announced its quarterly earnings data on Wednesday. The bank reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12), Zacks reports. CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%.

CB Financial Services Stock Performance

Shares of NASDAQ CBFV opened at $29.69 on Friday. CB Financial Services has a one year low of $20.75 and a one year high of $33.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $152.01 million, a price-to-earnings ratio of 12.42 and a beta of 0.60. The stock’s fifty day moving average price is $29.73 and its two-hundred day moving average price is $27.88.

CB Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, February 14th. CB Financial Services’s payout ratio is 41.84%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CBFV shares. DA Davidson boosted their price objective on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com started coverage on CB Financial Services in a research report on Thursday, December 26th. They issued a “hold” rating for the company.

Insider Activity

In other CB Financial Services news, Chairman Mark E. Fox sold 3,538 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $31.50, for a total transaction of $111,447.00. Following the completion of the transaction, the chairman now directly owns 11,414 shares in the company, valued at $359,541. The trade was a 23.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of CB Financial Services stock in a transaction on Friday, December 6th. The shares were sold at an average price of $32.63, for a total value of $111,431.45. Following the completion of the transaction, the insider now owns 15,194 shares in the company, valued at approximately $495,780.22. The trade was a 18.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,703 shares of company stock valued at $247,995. 9.40% of the stock is owned by company insiders.

CB Financial Services Company Profile

CB Financial Services, Inc operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products.