CB Financial Services (NASDAQ:CBFV) Stock: Insider Jennifer George Sells 2,110 Shares

CB Financial Services, Inc. (NASDAQ:CBFV) COO Jennifer George sold 2,110 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $40.39, for a total value of $85,222.90. Following the transaction, the chief operating officer owned 13,140 shares in the company, valued at approximately $530,724.60. This represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CB Financial Services Price Performance

CBFV stock opened at $40.70 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day simple moving average of $37.89 and a 200-day simple moving average of $36.36. The firm has a market capitalization of $206.76 million, a PE ratio of 13.04 and a beta of 0.28. CB Financial Services, Inc. has a 1 year low of $31.72 and a 1 year high of $41.31.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings results on Monday, October 26th. The bank reported $0.91 EPS for the quarter, beating the consensus estimate of $0.81 by $0.10. CB Financial Services had a return on equity of 10.56% and a net margin of 21.00%. The firm had revenue of $16.02 million during the quarter, compared to analysts’ expectations of $16.25 million. Equities research analysts anticipate that CB Financial Services, Inc. will post 3.30 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.8%. CB Financial Services’s dividend payout ratio (DPR) is 32.84%.

Analysts Set New Price Targets

CBFV has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of CB Financial Services in a report on Monday, September 21st. Keefe, Bruyette & Woods upped their price objective on shares of CB Financial Services from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, DA Davidson restated a “buy” rating and set a $44.00 price objective on shares of CB Financial Services in a research report on Tuesday, October 27th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.50.

Institutional Trading of CB Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of CBFV. BlackRock Inc. acquired a new position in CB Financial Services in the second quarter valued at about $10,625,000. The Manufacturers Life Insurance Company acquired a new stake in shares of CB Financial Services during the second quarter valued at about $5,843,000. Empowered Funds LLC acquired a new stake in shares of CB Financial Services during the second quarter valued at about $1,358,000. De Lisle Partners LLP acquired a new stake in shares of CB Financial Services during the second quarter valued at about $1,268,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of CB Financial Services in the 2nd quarter valued at approximately $407,000. 33.06% of the stock is owned by institutional investors and hedge funds.

CB Financial Services Company Profile

CB Financial Services, Inc is a bank holding company headquartered in Carmichaels, Pennsylvania. Its principal subsidiary, Community Bank, provides personal and business banking services to individuals, families, farms, and companies in the communities it serves.

Community Bank offers a range of deposit products, including checking, savings, money market, and time deposit accounts. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, business loans, agricultural loans, and consumer credit.