Insider Selling: CB Financial Services (NASDAQ:CBFV) Vice Chairman Sells $71,450.55 in Stock

CB Financial Services, Inc. (NASDAQ:CBFV) Vice Chairman Charles Guthrie sold 1,913 shares of CB Financial Services stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $37.35, for a total transaction of $71,450.55. Following the sale, the insider owned 16,796 shares of the company’s stock, valued at approximately $627,330.60. This represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CB Financial Services Price Performance

Shares of CBFV stock opened at $37.28 on Thursday. The firm’s 50 day moving average price is $35.58 and its two-hundred day moving average price is $33.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 0.88. CB Financial Services, Inc. has a 52-week low of $26.01 and a 52-week high of $37.75. The stock has a market cap of $186.77 million, a PE ratio of 40.97 and a beta of 0.29.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Tuesday, January 27th. The bank reported $0.72 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.11). The business had revenue of $14.79 million for the quarter, compared to the consensus estimate of $14.90 million. CB Financial Services had a net margin of 6.09% and a return on equity of 9.61%. As a group, analysts forecast that CB Financial Services, Inc. will post 1.82 EPS for the current year.

CB Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 13th. This is a positive change from CB Financial Services’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 3.0%. CB Financial Services’s payout ratio is currently 114.29%.

Institutional Trading of CB Financial Services

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in CB Financial Services by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 106,009 shares of the bank’s stock valued at $3,696,000 after buying an additional 386 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in CB Financial Services by 0.8% in the 2nd quarter. Bridgeway Capital Management LLC now owns 65,537 shares of the bank’s stock valued at $1,868,000 after acquiring an additional 537 shares in the last quarter. Citadel Advisors LLC lifted its position in CB Financial Services by 8.0% in the 3rd quarter. Citadel Advisors LLC now owns 8,576 shares of the bank’s stock valued at $285,000 after acquiring an additional 632 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in CB Financial Services by 89.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock worth $45,000 after purchasing an additional 635 shares during the period. Finally, Empowered Funds LLC increased its holdings in CB Financial Services by 2.5% during the 1st quarter. Empowered Funds LLC now owns 34,000 shares of the bank’s stock worth $967,000 after purchasing an additional 828 shares in the last quarter. 33.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on CBFV shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CB Financial Services in a research note on Monday, December 29th. Keefe, Bruyette & Woods lowered their target price on shares of CB Financial Services from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Finally, Zacks Research cut shares of CB Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.50.

CB Financial Services Company Profile

CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.

The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.