Kennedy Capital Management Inc. raised its position in shares of CB Financial Services Inc (NASDAQ:CBFV) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,718 shares of the bank’s stock after purchasing an additional 9,574 shares during the period. Kennedy Capital Management Inc. owned 2.46% of CB Financial Services worth $3,022,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in CB Financial Services by 653.4% during the fourth quarter. Wells Fargo & Company MN now owns 5,658 shares of the bank’s stock valued at $169,000 after purchasing an additional 4,907 shares during the period. Janney Capital Management LLC grew its holdings in CB Financial Services by 33.5% during the third quarter. Janney Capital Management LLC now owns 21,933 shares of the bank’s stock valued at $637,000 after purchasing an additional 5,500 shares during the period. Gendell Jeffrey L grew its holdings in CB Financial Services by 13.8% during the fourth quarter. Gendell Jeffrey L now owns 47,125 shares of the bank’s stock valued at $1,414,000 after purchasing an additional 5,717 shares during the period. Finally, Vanguard Group Inc. grew its holdings in CB Financial Services by 1.6% during the second quarter. Vanguard Group Inc. now owns 63,052 shares of the bank’s stock valued at $1,645,000 after purchasing an additional 1,021 shares during the period. 22.58% of the stock is owned by institutional investors and hedge funds.
CB Financial Services Inc (NASDAQ CBFV) opened at $30.55 on Wednesday. CB Financial Services Inc has a twelve month low of $25.10 and a twelve month high of $31.90. 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 has a market capitalization of $125.15, a price-to-earnings ratio of 18.29, a PEG ratio of 1.49 and a beta of 0.40.
CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings results on Monday, February 12th. The bank reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.17). CB Financial Services had a return on equity of 7.46% and a net margin of 17.26%. The company had revenue of $9.52 million during the quarter, compared to the consensus estimate of $9.63 million. research analysts anticipate that CB Financial Services Inc will post 2.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Thursday, March 8th. CB Financial Services’s payout ratio is currently 52.07%.
Several brokerages have weighed in on CBFV. Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 price objective on shares of CB Financial Services in a report on Friday, December 22nd. DA Davidson increased their price objective on CB Financial Services to $36.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised CB Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd.
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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.
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