CB Financial Services (NASDAQ:CBFV) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of CB Financial Services, Inc. (NASDAQ:CBFVGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.17 and traded as low as $34.50. CB Financial Services shares last traded at $36.99, with a volume of 16,672 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on CBFV. Zacks Research upgraded shares of CB Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of CB Financial Services in a research report on Friday, March 27th. Finally, DA Davidson assumed coverage on shares of CB Financial Services in a research report on Wednesday, February 25th. They set a “buy” rating and a $43.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, CB Financial Services currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

View Our Latest Report on CB Financial Services

CB Financial Services Stock Up 0.3%

The business’s fifty day moving average is $35.29 and its two-hundred day moving average is $35.21. The company has a market cap of $190.18 million, a P/E ratio of 29.08 and a beta of 0.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.87.

CB Financial Services (NASDAQ:CBFVGet Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. CB Financial Services had a net margin of 8.32% and a return on equity of 10.07%. The company had revenue of $14.82 million during the quarter, compared to analyst estimates of $15.50 million. Equities analysts predict that CB Financial Services, Inc. will post 3.12 EPS for the current year.

CB Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.12 dividend on an annualized basis and a yield of 3.0%. CB Financial Services’s dividend payout ratio (DPR) is 86.82%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. purchased a new position in shares of CB Financial Services in the 4th quarter worth approximately $33,000. BNP Paribas Financial Markets grew its position in shares of CB Financial Services by 89.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock worth $45,000 after buying an additional 635 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of CB Financial Services by 902.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,457 shares of the bank’s stock worth $70,000 after buying an additional 2,212 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of CB Financial Services in the 2nd quarter worth approximately $73,000. Finally, Raymond James Financial Inc. purchased a new position in shares of CB Financial Services in the 2nd quarter worth approximately $99,000. Hedge funds and other institutional investors own 33.06% of the company’s stock.

About CB Financial Services

(Get Free Report)

CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.

The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.

Further Reading

Receive News & Ratings for CB Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CB Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.