John J. Lacarte Sells 712 Shares of CB Financial Services, Inc. (NASDAQ:CBFV) Stock

CB Financial Services, Inc. (NASDAQ:CBFV) Director John J. Lacarte sold 712 shares of CB Financial Services stock in a transaction on Monday, December 9th. The shares were sold at an average price of $33.50, for a total value of $23,852.00. Following the sale, the director now directly owns 39,803 shares of the company’s stock, valued at approximately $1,333,400.50. The trade was a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CB Financial Services Trading Up 0.3 %

NASDAQ:CBFV opened at $31.72 on Friday. The company’s 50 day moving average is $29.53 and its 200-day moving average is $26.30. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services, Inc. has a 12 month low of $20.75 and a 12 month high of $33.72. The firm has a market cap of $162.53 million, a price-to-earnings ratio of 7.13 and a beta of 0.58.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Friday, October 25th. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. The business had revenue of $21.01 million for the quarter, compared to analyst estimates of $12.60 million. Equities analysts anticipate that CB Financial Services, Inc. will post 2.18 EPS for the current year.

CB Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Friday, November 15th. CB Financial Services’s dividend payout ratio (DPR) is currently 22.47%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CBFV shares. StockNews.com started coverage on shares of CB Financial Services in a research note on Monday, December 2nd. They issued a “hold” rating for the company. DA Davidson boosted their price target on CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC increased its holdings in CB Financial Services by 12.7% during the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after purchasing an additional 943 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of CB Financial Services by 115.4% in the 2nd 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 period. Empowered Funds LLC grew 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 buying an additional 1,608 shares during the period. De Lisle Partners LLP grew its stake in shares of CB Financial Services by 9.1% during the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after purchasing an additional 2,429 shares during the period. Finally, Geode Capital Management LLC grew its holdings in CB Financial Services by 9.7% during the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock valued at $1,352,000 after purchasing an additional 4,295 shares during the period. 33.06% of the stock is owned by institutional investors and hedge funds.

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.