Media coverage about CB Financial Services (NASDAQ:CBFV) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CB Financial Services earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.8955784894874 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s analysis:
CBFV stock traded down $0.60 on Friday, hitting $33.65. 7,339 shares of the company’s stock traded hands, compared to its average volume of 5,305. CB Financial Services has a 1-year low of $25.10 and a 1-year high of $34.95. The firm has a market cap of $185.43 million, a PE ratio of 20.15, a P/E/G ratio of 1.80 and a beta of 0.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.92 and a quick ratio of 0.92.
CB Financial Services (NASDAQ:CBFV) last released its earnings results on Friday, April 27th. The bank reported $0.33 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.21). CB Financial Services had a net margin of 16.03% and a return on equity of 7.03%. The business had revenue of $9.69 million for the quarter, compared to analyst estimates of $9.83 million. sell-side analysts expect that CB Financial Services will post 1.9 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 18th. Investors of record on Friday, June 8th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.62%. The ex-dividend date is Thursday, June 7th. CB Financial Services’s dividend payout ratio is presently 52.69%.
Several analysts recently commented on CBFV shares. Zacks Investment Research lowered shares of CB Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, April 16th. DA Davidson increased their target price on shares of CB Financial Services to $36.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $34.00 target price on shares of CB Financial Services in a research note on Tuesday, February 13th.
In other CB Financial Services news, Director Jonathan Bedway bought 5,808 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The stock was acquired at an average cost of $34.45 per share, with a total value of $200,085.60. Following the completion of the purchase, the director now directly owns 201 shares in the company, valued at $6,924.45. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Roberta Robinson Olejasz purchased 1,000 shares of CB Financial Services stock in a transaction that occurred on Friday, May 4th. The stock was purchased at an average price of $31.70 per share, with a total value of $31,700.00. Following the transaction, the director now owns 3,773 shares in the company, valued at approximately $119,604.10. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 7,555 shares of company stock valued at $253,996. Company insiders own 9.00% of the company’s stock.
About CB Financial Services
CB Financial Services, Inc operates as the bank holding company for Community Bank, a state chartered commercial bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania. The company's deposit products include demand deposits, NOW accounts, money market accounts, savings accounts, and time deposits.
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