CB Financial Services (NASDAQ:CBFV) COO Sells $85,222.90 in Stock

CB Financial Services, Inc. (NASDAQ:CBFV) COO Jennifer George sold 2,110 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $40.39, for a total transaction of $85,222.90. Following the transaction, the chief operating officer directly owned 13,140 shares of the company’s stock, valued at $530,724.60. The trade was a 13.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

CB Financial Services Stock Performance

CBFV opened at $40.70 on Friday. CB Financial Services, Inc. has a 12-month low of $32.00 and a 12-month high of $41.31. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $37.96 and its 200 day moving average is $36.39. The company has a market cap of $206.76 million, a price-to-earnings ratio of 11.94 and a beta of 0.28.

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

CB Financial Services Dividend Announcement

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

Institutional Investors Weigh In On CB Financial Services

Institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG purchased a new stake in shares of CB Financial Services during the second quarter worth about $173,000. Bank of America Corp DE acquired a new position in shares of CB Financial Services in the 2nd quarter worth approximately $212,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of CB Financial Services in the second quarter valued at about $351,000. HBK Sorce Advisory LLC acquired a new stake in CB Financial Services in the second quarter valued at approximately $393,000. Finally, Bank of New York Mellon Corp bought a new position in CB Financial Services in the 2nd quarter valued at $407,000. 33.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CBFV. 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 research note on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of CB Financial Services in a research note on Monday, September 21st. Wall Street Zen raised shares of CB Financial Services to a “hold” rating in a research report on Saturday. Finally, DA Davidson restated a “buy” rating and issued a $44.00 price target on shares of CB Financial Services in a research report on Tuesday, October 27th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, CB Financial Services has an average rating of “Moderate Buy” and an average target price of $42.50.

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.