The Manufacturers Life Insurance Company Purchases Shares of 154,165 CB Financial Services, Inc. $CBFV

The Manufacturers Life Insurance Company purchased a new stake in shares of CB Financial Services, Inc. (NASDAQ:CBFV) during the 2nd quarter, HoldingsChannel reports. The fund purchased 154,165 shares of the bank’s stock, valued at approximately $5,843,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of CB Financial Services by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 106,009 shares of the bank’s stock valued at $3,696,000 after buying an additional 386 shares during the period. Bridgeway Capital Management LLC grew its holdings in CB Financial Services by 0.8% during the second quarter. Bridgeway Capital Management LLC now owns 65,537 shares of the bank’s stock worth $1,868,000 after acquiring an additional 537 shares during the period. Citadel Advisors LLC grew its holdings in CB Financial Services by 8.0% during the third quarter. Citadel Advisors LLC now owns 8,576 shares of the bank’s stock worth $285,000 after acquiring an additional 632 shares during the period. BNP Paribas Financial Markets raised its position in CB Financial Services by 89.7% in the third quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock worth $45,000 after acquiring an additional 635 shares in the last quarter. Finally, Barclays PLC raised its position in 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 acquiring an additional 701 shares in the last quarter. Institutional investors own 33.06% of the company’s stock.

Insider Transactions at CB Financial Services

In other CB Financial Services news, Director John Swiatek sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $37.06, for a total value of $37,060.00. Following the completion of the transaction, the director directly owned 12,644 shares in the company, valued at $468,586.64. This trade represents a 7.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephen Cobain sold 1,500 shares of CB Financial Services stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $37.10, for a total transaction of $55,650.00. Following the completion of the transaction, the insider directly owned 4,313 shares in the company, valued at approximately $160,012.30. This trade represents a 25.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 10.20% of the stock is currently owned by corporate insiders.

CB Financial Services Stock Down 0.6%

Shares of CB Financial Services stock opened at $37.37 on Tuesday. The stock’s fifty day moving average is $37.20 and its 200-day moving average is $35.87. The firm has a market capitalization of $189.84 million, a PE ratio of 27.68 and a beta of 0.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. CB Financial Services, Inc. has a 12-month low of $30.97 and a 12-month high of $38.86.

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

CB Financial Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CBFV. DA Davidson upped their price target on shares of CB Financial Services from $40.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Keefe, Bruyette & Woods boosted their target price on shares of CB Financial Services from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a research note on Wednesday, June 24th. Finally, Zacks Research upgraded 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company 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.