CB Financial Services (NASDAQ:CBFV) Shares Cross Below 200-Day Moving Average – Should You Sell?

CB Financial Services, Inc. (NASDAQ:CBFV) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.83 and traded as low as $27.86. CB Financial Services shares last traded at $28.48, with a volume of 39,566 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on CB Financial Services in a report on Thursday, December 26th. They set a “hold” rating on the stock.

CB Financial Services Stock Performance

The firm has a market cap of $145.93 million, a price-to-earnings ratio of 11.92 and a beta of 0.64. 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 stock’s 50 day moving average is $28.91 and its 200 day moving average is $28.86.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.12). CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. Analysts anticipate that CB Financial Services, Inc. will post 1.82 earnings per share for the current year.

CB Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.25 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.51%. CB Financial Services’s payout ratio is presently 41.84%.

Insider Buying and Selling

In other CB Financial Services news, Chairman Mark E. Fox sold 3,538 shares of CB Financial Services stock in a transaction on Monday, December 16th. The stock was sold at an average price of $31.50, for a total value 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. The trade was a 23.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 4,288 shares of company stock valued at $136,564. 9.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in CB Financial Services by 1,093.4% during the fourth quarter. Bank of America Corp DE now owns 3,807 shares of the bank’s stock worth $109,000 after buying an additional 3,488 shares in the last quarter. Barclays PLC boosted its position in shares of CB Financial Services by 12.7% during the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after acquiring an additional 943 shares in the last quarter. Fiduciary Trust Co bought a new position in CB Financial Services in the fourth quarter valued at approximately $266,000. Millennium Management LLC acquired a new position in CB Financial Services during the fourth quarter valued at approximately $301,000. Finally, Ameriprise Financial Inc. bought a new stake in CB Financial Services during the fourth quarter worth $323,000. Institutional investors own 33.06% of the company’s stock.

About CB Financial Services

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.