Empowered Funds LLC Acquires New Shares in CB Financial Services, Inc. $CBFV

Empowered Funds LLC purchased a new stake in shares of CB Financial Services, Inc. (NASDAQ:CBFV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 35,840 shares of the bank’s stock, valued at approximately $1,358,000.

A number of other large investors have also recently bought and sold shares of the business. De Lisle Partners LLP bought a new position in shares of CB Financial Services in the 2nd quarter valued at approximately $1,268,000. The Manufacturers Life Insurance Company bought a new position in shares of CB Financial Services during the 2nd quarter worth about $5,843,000. BlackRock Inc. bought a new stake in shares of CB Financial Services in the 2nd quarter worth approximately $10,625,000. HBK Sorce Advisory LLC acquired a new stake in shares of CB Financial Services during the 2nd quarter valued at about $393,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in CB Financial Services in the fourth quarter valued at $33,000. 33.06% of the stock is currently owned by institutional investors.

CB Financial Services Trading Up 0.1%

Shares of CB Financial Services stock opened at $37.60 on Friday. The stock has a market capitalization of $191.01 million, a P/E ratio of 27.85 and a beta of 0.28. The stock’s 50-day simple moving average is $37.21 and its 200 day simple moving average is $35.89. CB Financial Services, Inc. has a 52-week low of $30.97 and a 52-week high of $38.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.85 and a current ratio of 0.85.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Monday, July 27th. The bank reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 10.08% and a net margin of 8.52%. As a group, research analysts anticipate that CB Financial Services, Inc. will post 3.21 EPS for the current year.

CB Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.28 per share. The ex-dividend date was Friday, August 14th. This represents a $1.12 annualized dividend and a dividend yield of 3.0%. CB Financial Services’s dividend payout ratio (DPR) is 82.96%.

Insider Buying and Selling

In other CB Financial Services news, insider Stephen Cobain sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $37.10, for a total value of $55,650.00. Following the completion of the sale, the insider owned 4,313 shares of the company’s stock, valued at $160,012.30. This represents a 25.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 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 SEC filing for this sale provides additional information. Insiders own 10.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. DA Davidson lifted their target price on CB Financial Services from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Keefe, Bruyette & Woods upped their price objective on CB Financial Services from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Zacks Research raised CB Financial Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CB Financial Services in a research note on Wednesday, June 24th. Two equities research 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.50.

CB Financial Services Profile

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.