CB Financial Services, Inc. (NASDAQ:CBFV) Chairman Sells $111,447.00 in Stock

CB Financial Services, Inc. (NASDAQ:CBFV) Chairman Mark E. Fox sold 3,538 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $31.50, for a total transaction of $111,447.00. Following the completion of the sale, the chairman now directly owns 11,414 shares of the company’s stock, valued at $359,541. This trade represents a 23.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CB Financial Services Stock Down 4.1 %

Shares of CBFV traded down $1.28 during mid-day trading on Wednesday, reaching $29.61. The company had a trading volume of 6,246 shares, compared to its average volume of 4,385. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $151.72 million, a price-to-earnings ratio of 6.65 and a beta of 0.58. The firm has a 50-day moving average price of $29.84 and a 200 day moving average price of $26.58. CB Financial Services, Inc. has a 52 week low of $20.75 and a 52 week high of $33.72.

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

CB Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.38%. CB Financial Services’s payout ratio is currently 22.47%.

Institutional Trading of CB Financial Services

Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its holdings in shares of CB Financial Services by 115.4% during the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,119 shares in the last quarter. Barclays PLC lifted its stake 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 acquiring an additional 943 shares during the period. Fourthstone LLC purchased a new stake in shares of CB Financial Services during the 3rd quarter valued at about $373,000. Commonwealth Equity Services LLC purchased a new stake in shares of CB Financial Services during the 2nd quarter valued at about $393,000. Finally, De Lisle Partners LLP grew its stake in shares of CB Financial Services by 9.1% in the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after acquiring an additional 2,429 shares during the period. 33.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CBFV shares. DA Davidson increased their price objective on 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 began coverage on shares of CB Financial Services in a report on Tuesday. They issued a “hold” rating on the stock.

About CB Financial Services

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.