CB Financial Services (NASDAQ:CBFV) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Shares of CB Financial Services, Inc. (NASDAQ:CBFV) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $28.86 and traded as high as $29.10. CB Financial Services shares last traded at $28.09, with a volume of 28,840 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of CB Financial Services in a report on Thursday, December 26th. They issued a “hold” rating on the stock.

CB Financial Services Trading Down 0.4 %

The stock has a market cap of $143.85 million, a PE ratio of 11.75 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a fifty day moving average price of $28.86 and a 200 day moving average price of $28.95.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Wednesday, January 29th. The bank reported $0.35 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.12). CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. Equities analysts expect that CB Financial Services, Inc. will post 1.82 EPS for the current year.

CB Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Friday, February 14th. CB Financial Services’s dividend payout ratio (DPR) is currently 41.84%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Millennium Management LLC purchased a new stake in shares of CB Financial Services in the fourth quarter worth approximately $301,000. Fiduciary Trust Co purchased a new stake in CB Financial Services in the fourth quarter worth $266,000. Bank of America Corp DE lifted its position in shares of CB Financial Services by 1,093.4% during the fourth quarter. Bank of America Corp DE now owns 3,807 shares of the bank’s stock worth $109,000 after purchasing an additional 3,488 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of CB Financial Services during the fourth quarter worth $323,000. Finally, 683 Capital Management LLC purchased a new stake in shares of CB Financial Services during the fourth quarter valued at $344,000. Hedge funds and other institutional investors own 33.06% of the company’s stock.

About CB Financial Services

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.