Janney Capital Management LLC increased its stake in shares of CB Financial Services Inc (NASDAQ:CBFV) by 33.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,933 shares of the bank’s stock after acquiring an additional 5,500 shares during the period. Janney Capital Management LLC owned about 0.54% of CB Financial Services worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CBFV. LSV Asset Management boosted its position in CB Financial Services by 36.9% during the second quarter. LSV Asset Management now owns 4,200 shares of the bank’s stock worth $109,000 after purchasing an additional 1,132 shares in the last quarter. First National Trust Co. boosted its position in CB Financial Services by 13.7% during the second quarter. First National Trust Co. now owns 15,515 shares of the bank’s stock worth $403,000 after purchasing an additional 1,865 shares in the last quarter. Banc Funds Co. LLC boosted its position in CB Financial Services by 66.3% during the second quarter. Banc Funds Co. LLC now owns 60,536 shares of the bank’s stock worth $1,571,000 after purchasing an additional 24,135 shares in the last quarter. Vanguard Group Inc. boosted its position in CB Financial Services by 1.6% during the second quarter. Vanguard Group Inc. now owns 63,052 shares of the bank’s stock worth $1,645,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Kennedy Capital Management Inc. boosted its position in CB Financial Services by 151.8% during the second quarter. Kennedy Capital Management Inc. now owns 64,383 shares of the bank’s stock worth $1,671,000 after purchasing an additional 38,810 shares in the last quarter. 21.30% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on CBFV. Zacks Investment Research downgraded CB Financial Services from a “buy” rating to a “hold” rating in a research report on Monday, November 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $30.00 price target on shares of CB Financial Services in a research report on Wednesday, November 1st.

CB Financial Services Inc (NASDAQ CBFV) opened at $29.94 on Tuesday. The firm has a market capitalization of $120.60, a P/E ratio of 15.95, a PEG ratio of 1.61 and a beta of 0.35. CB Financial Services Inc has a 1 year low of $25.10 and a 1 year high of $31.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, December 8th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.88 annualized dividend and a dividend yield of 2.94%. CB Financial Services’s dividend payout ratio (DPR) is presently 47.57%.

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CB Financial Services Company Profile

CB Financial Services, Inc is the bank holding company for Community Bank (the Bank). The Company operates in community banking segment. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area.

Institutional Ownership by Quarter for CB Financial Services (NASDAQ:CBFV)

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