CB Financial Services (NASDAQ:CBFV) Releases Quarterly Earnings Results

CB Financial Services (NASDAQ:CBFV) posted its quarterly earnings data on Wednesday. The bank reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12), Zacks reports. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%.

CB Financial Services Stock Performance

Shares of CBFV traded up $0.11 during mid-day trading on Wednesday, hitting $29.26. 5,058 shares of the company’s stock were exchanged, compared to its average volume of 6,450. The firm has a market capitalization of $149.93 million, a P/E ratio of 6.58 and a beta of 0.60. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $29.74 and its two-hundred day moving average is $27.85. CB Financial Services has a fifty-two week low of $20.75 and a fifty-two week high of $33.72.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CBFV shares. DA Davidson upped their price target on CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. StockNews.com assumed coverage on shares of CB Financial Services in a research note on Thursday, December 26th. They set a “hold” rating on the stock.

Insider Activity at CB Financial Services

In related news, Chairman Mark E. Fox sold 3,538 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $31.50, for a total transaction of $111,447.00. Following the sale, the chairman now owns 11,414 shares of the company’s stock, valued at $359,541. This trade represents a 23.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $32.63, for a total transaction of $111,431.45. Following the sale, the insider now owns 15,194 shares in the company, valued at approximately $495,780.22. This trade represents a 18.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,703 shares of company stock worth $247,995 in the last three months. Insiders own 9.40% of the company’s stock.

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.