CB Financial Services (NASDAQ:CBFV) Shares Cross Above 50 Day Moving Average – Time to Sell?

CB Financial Services, Inc. (NASDAQ:CBFV)’s stock price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $37.38 and traded as high as $38.50. CB Financial Services shares last traded at $38.31, with a volume of 5,130 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CBFV shares. DA Davidson lifted their target price on CB Financial Services from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Keefe, Bruyette & Woods lifted their price objective on CB Financial Services from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CB Financial Services in a research note on Monday, September 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, CB Financial Services has a consensus rating of “Moderate Buy” and an average price target of $42.50.

CB Financial Services Stock Up 1.9%

The business has a 50 day simple moving average of $37.38 and a 200-day simple moving average of $36.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $194.61 million, a price-to-earnings ratio of 28.38 and a beta of 0.29.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings results on Monday, July 27th. The bank reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. CB Financial Services had a net margin of 8.52% and a return on equity of 10.08%. The firm had revenue of $15.53 million for the quarter, compared to analyst estimates of $15.40 million. On average, equities analysts expect that CB Financial Services, Inc. will post 3.21 EPS for the current year.

CB Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, August 14th. This represents a $1.12 dividend on an annualized basis and a yield of 2.9%. CB Financial Services’s dividend payout ratio is 82.96%.

Insider Buying and Selling at CB Financial Services

In related news, insider Stephen Cobain sold 1,500 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $37.10, for a total value of $55,650.00. Following the transaction, the insider owned 4,313 shares of the company’s stock, valued at $160,012.30. This represents a 25.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Swiatek sold 1,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $37.06, for a total transaction of $37,060.00. Following the completion of the transaction, the director owned 12,644 shares in the company, valued at $468,586.64. This represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 10.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CB Financial Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBFV. Empowered Funds LLC acquired a new stake in CB Financial Services during the 2nd quarter worth approximately $1,358,000. Bank of America Corp DE acquired a new stake in CB Financial Services in the 2nd quarter valued at about $212,000. The Manufacturers Life Insurance Company purchased a new stake in CB Financial Services in the 2nd quarter valued at approximately $5,843,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in CB Financial Services in the 2nd quarter valued at about $351,000. Finally, De Lisle Partners LLP acquired a new stake in CB Financial Services during the second quarter worth approximately $1,268,000. 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 Carmichaels, Pennsylvania. Through its principal subsidiary, Community Bank, the company provides financial services to individuals, families, businesses and organizations in southwestern Pennsylvania and northern West Virginia.

Community Bank offers a range of banking products, including checking and savings accounts, certificates of deposit and other deposit services. Its lending activities include residential and commercial real estate loans, commercial and industrial financing, consumer loans and other credit products.