Insider Selling: CB Financial Services, Inc. (NASDAQ:CBFV) Director Sells $73,750.00 in Stock

CB Financial Services, Inc. (NASDAQ:CBFV) Director John Swiatek sold 2,500 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $29.50, for a total transaction of $73,750.00. Following the transaction, the director now directly owns 11,494 shares in the company, valued at approximately $339,073. The trade was a 17.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

John Swiatek also recently made the following trade(s):

• On Friday, April 25th, John Swiatek sold 2,500 shares of CB Financial Services stock. The stock was sold at an average price of $29.02, for a total transaction of $72,550.00.

CB Financial Services Trading Down 1.0%

CBFV opened at $29.43 on Friday. The stock has a market capitalization of $150.15 million, a PE ratio of 12.31 and a beta of 0.33. The firm’s fifty day moving average price is $28.45 and its 200 day moving average price is $29.12. 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, Inc. has a 12-month low of $20.75 and a 12-month high of $33.72.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.07. The firm had revenue of $12.10 million for the quarter, compared to analysts’ expectations of $12.69 million. CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. As a group, research analysts expect that CB Financial Services, Inc. will post 1.82 EPS for the current fiscal year.

CB Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, May 16th. This represents a $1.00 annualized dividend and a yield of 3.40%. CB Financial Services’s payout ratio is 52.08%.

Institutional Trading of CB Financial Services

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in CB Financial Services by 1,093.4% during the fourth quarter. Bank of America Corp DE now owns 3,807 shares of the bank’s stock valued at $109,000 after purchasing an additional 3,488 shares during the last quarter. ORG Partners LLC bought a new stake in CB Financial Services during the first quarter valued at $211,000. Barclays PLC increased its stake in CB Financial Services by 12.7% during the third quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after purchasing an additional 943 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in CB Financial Services by 11.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,467 shares of the bank’s stock valued at $241,000 after purchasing an additional 892 shares during the last quarter. Finally, Fiduciary Trust Co bought a new stake in CB Financial Services during the fourth quarter valued at $266,000. Institutional investors own 33.06% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of CB Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, April 30th.

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.