De Lisle Partners LLP Raises Stake in CB Financial Services, Inc. (NASDAQ:CBFV)

De Lisle Partners LLP raised its position in CB Financial Services, Inc. (NASDAQ:CBFV) by 9.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,255 shares of the bank’s stock after purchasing an additional 2,429 shares during the period. De Lisle Partners LLP owned 0.57% of CB Financial Services worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC increased its holdings in CB Financial Services by 115.4% in the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after buying an additional 1,119 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of CB Financial Services in the 2nd quarter valued at about $393,000. Empowered Funds LLC raised its position in shares of CB Financial Services by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after acquiring an additional 1,608 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in CB Financial Services by 2.3% during the third quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock worth $10,204,000 after purchasing an additional 8,143 shares during the last quarter. 33.06% of the stock is currently owned by institutional investors and hedge funds.

CB Financial Services Stock Performance

Shares of CB Financial Services stock opened at $31.56 on Friday. The firm’s fifty day simple moving average is $28.77 and its 200-day simple moving average is $25.65. CB Financial Services, Inc. has a 12 month low of $20.75 and a 12 month high of $31.79. The stock has a market capitalization of $161.59 million, a price-to-earnings ratio of 7.09 and a beta of 0.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87.

CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Friday, October 25th. The bank reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. The business had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $12.60 million. As a group, equities analysts forecast that CB Financial Services, Inc. will post 2.18 earnings per share for the current year.

CB Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, November 15th. CB Financial Services’s payout ratio is currently 22.47%.

Wall Street Analyst Weigh In

CBFV has been the topic of a number of research analyst reports. DA Davidson raised their price objective on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. StockNews.com assumed coverage on shares of CB Financial Services in a research note on Sunday, November 24th. They set a “hold” rating on the stock.

CB Financial Services Company Profile

CB Financial Services, Inc operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products.