CB Financial Services (NASDAQ:CBFV) Posts Earnings Results, Misses Expectations By $0.12 EPS

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

CB Financial Services Stock Up 0.4 %

Shares of CBFV stock traded up $0.11 during mid-day trading on Wednesday, hitting $29.26. 5,058 shares of the stock traded hands, compared to its average volume of 6,450. The stock has a market cap of $149.93 million, a P/E ratio of 6.58 and a beta of 0.60. The stock’s fifty day moving average is $29.74 and its two-hundred day moving average is $27.85. CB Financial Services has a 52-week low of $20.75 and a 52-week high of $33.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at CB Financial Services

In other CB Financial Services news, Chairman Mark E. Fox sold 3,538 shares of the stock in a transaction dated 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 sale, the chairman now directly owns 11,414 shares of the company’s stock, valued at approximately $359,541. This represents a 23.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $32.63, for a total transaction of $111,431.45. Following the transaction, 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. Over the last ninety days, insiders sold 7,703 shares of company stock valued at $247,995. 9.40% of the stock is currently owned by insiders.

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.