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 company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $37.06, for a total transaction of $37,060.00. Following the transaction, the director directly owned 12,644 shares in the company, valued at approximately $468,586.64. This trade represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CB Financial Services Stock Performance

NASDAQ CBFV opened at $37.71 on Thursday. The company has a market capitalization of $191.57 million, a P/E ratio of 27.93 and a beta of 0.28. CB Financial Services, Inc. has a 1-year low of $30.06 and a 1-year high of $38.86. The business has a 50 day moving average price of $37.14 and a 200 day moving average price of $35.84. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.85.

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, topping analysts’ consensus estimates of $0.72 by $0.09. The company had revenue of $15.53 million during the quarter, compared to analysts’ expectations of $15.40 million. CB Financial Services had a net margin of 8.52% and a return on equity of 10.08%. Sell-side analysts expect that CB Financial Services, Inc. will post 3.21 EPS for the current fiscal year.

CB Financial Services Dividend Announcement

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

Hedge Funds Weigh In On CB Financial Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of CB Financial Services during the second quarter valued at approximately $10,625,000. Vanguard Group Inc. raised its holdings in CB Financial Services by 158.5% during the 3rd quarter. Vanguard Group Inc. now owns 246,068 shares of the bank’s stock worth $8,172,000 after buying an additional 150,873 shares during the period. M3F Inc. raised its holdings in shares of CB Financial Services by 4.5% during the first quarter. M3F Inc. now owns 171,439 shares of the bank’s stock valued at $5,860,000 after acquiring an additional 7,425 shares during the period. The Manufacturers Life Insurance Company raised its stake in CB Financial Services by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 166,918 shares of the bank’s stock valued at $4,757,000 after purchasing an additional 2,044 shares during the period. Finally, Geode Capital Management LLC grew its stake in CB Financial Services by 112.2% during the 2nd quarter. Geode Capital Management LLC now owns 107,608 shares of the bank’s stock valued at $3,067,000 after acquiring an additional 56,889 shares in the last quarter. Institutional investors own 33.06% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About CB Financial Services

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.