DA Davidson Issues Negative Forecast for CBFV Earnings

CB Financial Services, Inc. (NASDAQ:CBFV) – DA Davidson cut their Q4 2024 earnings estimates for shares of CB Financial Services in a research note issued on Thursday, December 19th. DA Davidson analyst M. Navas now expects that the bank will post earnings of $0.43 per share for the quarter, down from their previous forecast of $0.44. DA Davidson currently has a “Neutral” rating and a $27.00 target price on the stock. The consensus estimate for CB Financial Services’ current full-year earnings is $2.18 per share. DA Davidson also issued estimates for CB Financial Services’ FY2025 earnings at $1.88 EPS.

Separately, StockNews.com initiated coverage on CB Financial Services in a research report on Tuesday. They set a “hold” rating on the stock.

CB Financial Services Price Performance

NASDAQ:CBFV opened at $29.69 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services has a 52 week low of $20.75 and a 52 week high of $33.72. The stock’s 50-day moving average price is $29.90 and its 200-day moving average price is $26.62. The stock has a market capitalization of $152.13 million, a PE ratio of 6.67 and a beta of 0.58.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings data on Friday, October 25th. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%.

CB Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Friday, November 15th. CB Financial Services’s dividend payout ratio is presently 22.47%.

Insider Buying and Selling at CB Financial Services

In other news, Chairman Mark E. Fox sold 3,538 shares of CB Financial Services stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the stock in a transaction 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 transaction, the insider now directly owns 15,194 shares of the company’s stock, valued at approximately $495,780.22. This represents a 18.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,703 shares of company stock valued at $247,995 over the last ninety days. Corporate insiders own 9.40% of the company’s stock.

Institutional Investors Weigh In On CB Financial Services

Large investors have recently modified their holdings of the business. Commonwealth Equity Services LLC acquired a new stake in shares of CB Financial Services in the second quarter valued at about $393,000. Wilmington Savings Fund Society FSB purchased a new stake in CB Financial Services during the 3rd quarter valued at about $941,000. Janney Montgomery Scott LLC raised its holdings in CB Financial Services by 2.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after acquiring an additional 8,143 shares during the last quarter. Empowered Funds LLC lifted its stake in CB Financial Services by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after purchasing an additional 1,608 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in CB Financial Services by 115.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after purchasing an additional 1,119 shares in the last quarter. Hedge funds and other 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.