CB Financial Services (NASDAQ:CBFV) Director Sells $37,060.00 in Stock

CB Financial Services, Inc. (NASDAQ:CBFV) Director John Swiatek sold 1,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $37.06, for a total value of $37,060.00. Following the transaction, the director owned 12,644 shares of the company’s stock, valued at $468,586.64. This trade represents a 7.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

CB Financial Services Stock Performance

Shares of NASDAQ:CBFV traded down $0.10 on Monday, hitting $37.30. The company’s stock had a trading volume of 1,380 shares, compared to its average volume of 5,312. The company has a market capitalization of $189.56 million, a price-to-earnings ratio of 27.63 and a beta of 0.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.85 and a current ratio of 0.85. CB Financial Services, Inc. has a 12 month low of $30.06 and a 12 month high of $38.86. The stock’s 50-day moving average is $37.01 and its two-hundred day moving average is $35.79.

CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Monday, July 27th. The bank reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $15.53 million during the quarter, compared to analyst estimates of $15.40 million. CB Financial Services had a net margin of 8.52% and a return on equity of 10.08%. On average, equities research analysts forecast that CB Financial Services, Inc. will post 3.21 EPS for the current year.

CB Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 14th. CB Financial Services’s dividend payout ratio is currently 82.96%.

Analysts Set New Price Targets

A number of research firms recently commented on CBFV. Weiss Ratings reiterated a “hold (c)” rating on shares of CB Financial Services in a research note on Wednesday, June 24th. Zacks Research upgraded CB Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. DA Davidson increased their price target on CB Financial Services from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods lifted their price target on CB Financial Services from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Institutional Investors Weigh In On CB Financial Services

Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in CB Financial Services by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 106,009 shares of the bank’s stock worth $3,696,000 after acquiring an additional 386 shares during the period. Bridgeway Capital Management LLC grew its stake in CB Financial Services by 0.8% during 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 increased its holdings in shares of 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 purchasing an additional 632 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of CB Financial Services by 89.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock valued at $45,000 after purchasing an additional 635 shares during the period. Finally, Barclays PLC lifted its position in shares of CB Financial Services by 5.1% in the fourth quarter. Barclays PLC now owns 14,577 shares of the bank’s stock worth $508,000 after purchasing an additional 701 shares in the last quarter. Hedge funds and other institutional investors own 33.06% of the company’s stock.

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.