CB Financial Services (CBFV) to Release Earnings on Wednesday

CB Financial Services (NASDAQ:CBFV) is anticipated to post its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect CB Financial Services to post earnings of $0.47 per share and revenue of $12,180.00 billion for the quarter.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Friday, October 25th. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. The firm had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. On average, analysts expect CB Financial Services to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CB Financial Services Price Performance

Shares of NASDAQ CBFV opened at $28.22 on Wednesday. The stock’s 50-day simple moving average is $29.75 and its 200-day simple moving average is $27.57. CB Financial Services has a fifty-two week low of $20.75 and a fifty-two week high of $33.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $144.49 million, a PE ratio of 6.34 and a beta of 0.60.

CB Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.54%. CB Financial Services’s dividend payout ratio (DPR) is presently 22.47%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CBFV shares. StockNews.com assumed coverage on shares of CB Financial Services in a report on Thursday, December 26th. They issued a “hold” rating for the company. DA Davidson lifted their price objective on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th.

Insider Activity

In other news, Chairman Mark E. Fox sold 3,538 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $31.50, for a total transaction of $111,447.00. Following the completion of the transaction, the chairman now directly owns 11,414 shares of the company’s stock, valued at $359,541. This trade represents a 23.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $32.63, for a total value of $111,431.45. Following the completion of the sale, the insider now directly owns 15,194 shares in the company, valued at approximately $495,780.22. The trade was a 18.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,703 shares of company stock worth $247,995 in the last 90 days. 9.40% of the stock is currently owned by corporate insiders.

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.