CB Financial Services, Inc. (NASDAQ:CBFV – Free Report) – Research analysts at DA Davidson reduced their FY2024 earnings per share (EPS) estimates for CB Financial Services in a report issued on Thursday, October 3rd. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $2.15 for the year, down from their previous estimate of $2.20. The consensus estimate for CB Financial Services’ current full-year earnings is $2.21 per share. DA Davidson also issued estimates for CB Financial Services’ FY2025 earnings at $2.05 EPS.
CB Financial Services (NASDAQ:CBFV – Get Free Report) last announced its earnings results on Wednesday, July 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. The business had revenue of $19.63 million for the quarter, compared to analysts’ expectations of $12.60 million.
View Our Latest Report on CB Financial Services
CB Financial Services Trading Down 0.5 %
CBFV stock opened at $27.18 on Monday. The company has a market capitalization of $139.76 million, a price-to-earnings ratio of 6.18 and a beta of 0.57. The business has a 50 day simple moving average of $26.41 and a two-hundred day simple moving average of $23.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. CB Financial Services has a 1-year low of $20.52 and a 1-year high of $29.50.
Institutional Trading of CB Financial Services
Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC grew its stake in CB Financial Services by 115.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after purchasing an additional 1,119 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of CB Financial Services by 7.9% during the first quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock worth $623,000 after buying an additional 2,100 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in shares of CB Financial Services during the second quarter worth about $393,000. 33.06% of the stock is owned by institutional investors and hedge funds.
CB Financial Services Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.68%. CB Financial Services’s dividend payout ratio is currently 22.73%.
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.
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