CB Financial Services (NASDAQ:CBFV) EVP Buys 1,000 Shares of Stock

CB Financial Services, Inc. (NASDAQ:CBFV) EVP Bruce Sharp bought 1,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were bought at an average price of $32.80 per share, with a total value of $32,800.00. Following the completion of the transaction, the executive vice president owned 1,000 shares in the company, valued at approximately $32,800. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CB Financial Services Price Performance

Shares of NASDAQ CBFV traded up $0.15 during mid-day trading on Wednesday, reaching $32.88. The company had a trading volume of 293 shares, compared to its average volume of 16,206. The firm has a market cap of $164.76 million, a price-to-earnings ratio of 68.50 and a beta of 0.37. The business’s 50-day simple moving average is $33.01 and its 200 day simple moving average is $31.08. CB Financial Services, Inc. has a one year low of $26.01 and a one year high of $34.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Thursday, October 23rd. The bank reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. The firm had revenue of $2.42 million for the quarter, compared to the consensus estimate of $13.96 million. CB Financial Services had a net margin of 3.37% and a return on equity of 8.49%. On average, research analysts predict that CB Financial Services, Inc. will post 1.82 earnings per share for the current fiscal year.

CB Financial Services declared that its Board of Directors has approved a stock repurchase plan on Thursday, September 4th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the bank to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

CB Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, November 14th. CB Financial Services’s dividend payout ratio (DPR) is 216.67%.

Institutional Investors Weigh In On CB Financial Services

A number of hedge funds and other institutional investors have recently bought and sold shares of CBFV. Police & Firemen s Retirement System of New Jersey bought a new position in CB Financial Services in the second quarter valued at about $30,000. BNP Paribas Financial Markets increased its stake in shares of CB Financial Services by 89.7% in the third quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock valued at $45,000 after buying an additional 635 shares during the period. JPMorgan Chase & Co. raised its holdings in CB Financial Services by 902.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,457 shares of the bank’s stock valued at $70,000 after buying an additional 2,212 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in CB Financial Services in the 2nd quarter valued at approximately $73,000. Finally, Raymond James Financial Inc. bought a new stake in CB Financial Services during the 2nd quarter worth approximately $99,000. Institutional investors own 33.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CBFV shares. Wall Street Zen upgraded CB Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CB Financial Services in a research note on Monday. Keefe, Bruyette & Woods boosted their target price on CB Financial Services from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Finally, DA Davidson increased their target price on shares of CB Financial Services from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.00.

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.