CB Financial Services (NASDAQ:CBFV) stock price rises above the 50-day moving average of $22.22

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CB Financial Services, Inc. (NASDAQ:CBFV – Get Rating) stock price rose above its 50-day moving average during Friday’s trading session. The stock has a 50-day moving average of $22.22 and is trading as low as $24.00. Shares of CB Financial Services last traded at $23.13, with a volume of 4,603 shares traded in hands.

A Wall Street analyst gives his opinion

CBFV has been the subject of several analyst reports. TheStreet downgraded shares of CB Financial Services from a ‘b’ rating to a ‘c+’ rating in a research report on Tuesday, May 24. StockNews.com launched coverage on CB Financial Services stocks in a research report on Saturday. They issued a “maintaining” rating for the company.

CB Financial Services is trading up 0.2%

The company has a market capitalization of $119.17 million, a P/E ratio of 10.42 and a beta of 0.64. The company has a debt ratio of 0.14, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50-day moving average is $22.22 and its two-hundred-day moving average is $23.61.

CB Financial Services (NASDAQ:CBFV – Get Rating) last announced its quarterly results on Thursday, April 28. The bank reported EPS of $0.59 for the quarter, beating consensus analyst estimates of $0.48 by $0.11. The company had revenue of $12.51 million in the quarter. CB Financial Services posted a net margin of 19.99% and a return on equity of 8.38%. As a group, analysts predict that CB Financial Services, Inc. will post earnings per share of 2.35 for the current fiscal year.

CB Financial Services announces dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 31. Shareholders of record on Friday, May 20 received a dividend of $0.24. This represents a dividend of $0.96 on an annualized basis and a yield of 4.15%. The ex-dividend date was Thursday, May 19. CB Financial Services’ dividend payout ratio is currently 43.24%.

CB Financial Services Institutional Trading

A number of large investors have recently increased or reduced their stake in CBFV. First National Trust Co increased its stake in the shares of CB Financial Services by 130.5% during the 4th quarter. First National Trust Co now owns 19,941 shares in the bank worth $480,000 after buying 11,291 more shares in the last quarter. American Century Companies Inc. increased its stake in shares of CB Financial Services by 36.4% during the 4th quarter. American Century Companies Inc. now owns 12,376 shares of the bank worth $298,000 after buying 3,304 more shares in the last quarter. UMB Bank NA MO acquired a new equity stake in CB Financial Services during the 4th quarter worth approximately $298,000. Petiole USA ltd acquired a new stake in the shares of CB Financial Services during the 4th quarter at a value of approximately $4,310,000. Finally, Vanguard Group Inc. increased its stake in shares of CB Financial Services by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 185,433 shares of the bank worth $4,451,000 after buying 495 additional shares in the last quarter. Institutional investors and hedge funds hold 30.65% of the company’s shares.

CB Financial Services Company Profile

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CB Financial Services, Inc operates as a bank holding company for Community Bank which provides various personal and business banking products and services in Southwestern Pennsylvania, West Virginia and Ohio. The Company’s main deposit products include demand deposits, NOW accounts, money market accounts and savings accounts, as well as term deposit products.

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