CB Financial Services (NASDAQ:CBFV) Stock Price Crosses Below 50-Day Moving Average of $22.67

CB Financial Services, Inc. (NASDAQ:CBFV – Get Rating) stock price fell below its 50-day moving average during Monday’s trading. The stock has a 50-day moving average of $22.67 and is trading as low as $21.12. Shares of CB Financial Services last traded at $21.12, with volume of 1,813 shares changing hands.

A number of equity research analysts have recently commented on CBFV shares. StockNews.com kicked off coverage of CB Financial Services stocks in a report released Tuesday. They set a “holding” rating for the company. TheStreet downgraded CB Financial Services from a ‘b’ rating to a ‘c+’ rating in a Tuesday, May 24 report.

The company’s 50-day simple moving average is $22.67 and its 200-day simple moving average is $23.90. The company has a market capitalization of $108.81 million, a PE ratio of 9.51 and a beta of 0.68. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt ratio of 0.14.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 31. Investors of record on Friday, May 20 received a dividend of $0.24 per share. The ex-dividend date was Thursday, May 19. This represents a dividend of $0.96 on an annualized basis and a yield of 4.55%. The dividend payout ratio (DPR) of CB Financial Services is 43.24%.

Institutional investors and hedge funds have recently been buying and selling shares of the company. The Manufacturers Life Insurance Company increased its position in CB Financial Services shares by 1.8% in the first quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank worth $3,700,000 after buying 2,742 more shares in the last quarter. Vanguard Group Inc. increased its stake in CB Financial Services by 0.3% in the first quarter. Vanguard Group Inc. now owns 185,433 shares of the bank worth $4,451,000 after purchasing an additional 495 shares during the period. American Century Companies Inc. increased its stake in CB Financial Services by 28.7% during the first quarter. American Century Companies Inc. now owns 15,928 shares of the bank worth $375,000 after acquiring 3,552 additional shares during the period. BlackRock Inc. increased its stake in CB Financial Services by 2.9% during the fourth quarter. BlackRock Inc. now owns 14,170 shares of the bank valued at $340,000 after buying 405 additional shares in the last quarter. Finally, Petiole USA ltd purchased a new equity stake in CB Financial Services during the fourth quarter at a value of $4,310,000. Institutional investors hold 30.65% of the company’s shares.

CB Financial Services Company Profile (NASDAQ: CBFV)

CB Financial Services, Inc operates as a bank holding company for Community Bank which provides various personal and business banking products and services in Southwestern Pennsylvania, West Virginia and Ohio. The Company’s main deposit products include demand deposits, NOW accounts, money market accounts and savings accounts, as well as term deposit products.

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