Stephen Cobain Sells 1,500 Shares of CB Financial Services (NASDAQ:CBFV) Stock

CB Financial Services, Inc. (NASDAQ:CBFV) insider Stephen Cobain sold 1,500 shares of CB Financial Services stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $37.10, for a total value of $55,650.00. Following the completion of the transaction, the insider directly owned 4,313 shares of the company’s stock, valued at $160,012.30. This represents a 25.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CB Financial Services Stock Down 0.2%

Shares of NASDAQ:CBFV opened at $37.24 on Wednesday. CB Financial Services, Inc. has a 12 month low of $30.06 and a 12 month high of $38.86. The company’s 50-day moving average price is $37.12 and its two-hundred day moving average price is $35.82. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The firm has a market cap of $189.18 million, a P/E ratio of 27.59 and a beta of 0.28.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Monday, July 27th. The bank reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.09. CB Financial Services had a net margin of 8.52% and a return on equity of 10.08%. The firm had revenue of $15.53 million during the quarter, compared to analysts’ expectations of $15.40 million. As a group, research analysts forecast that CB Financial Services, Inc. will post 3.21 EPS for the current fiscal year.

CB Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.0%. CB Financial Services’s dividend payout ratio (DPR) is currently 82.96%.

Institutional Investors Weigh In On CB Financial Services

A number of institutional investors and hedge funds have recently modified their holdings of CBFV. Geode Capital Management LLC grew its stake in shares of CB Financial Services by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 106,009 shares of the bank’s stock worth $3,696,000 after purchasing an additional 386 shares during the period. Bridgeway Capital Management LLC increased its holdings in CB Financial Services by 0.8% in the second quarter. Bridgeway Capital Management LLC now owns 65,537 shares of the bank’s stock valued at $1,868,000 after purchasing an additional 537 shares during the last quarter. Citadel Advisors LLC lifted its stake in CB Financial Services by 8.0% in the third quarter. Citadel Advisors LLC now owns 8,576 shares of the bank’s stock valued at $285,000 after buying an additional 632 shares during the period. BNP Paribas Financial Markets lifted its stake in 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. Finally, Barclays PLC boosted its holdings in CB Financial Services by 5.1% during the fourth quarter. Barclays PLC now owns 14,577 shares of the bank’s stock worth $508,000 after buying an additional 701 shares during the last quarter. 33.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CBFV has been the topic of several research reports. Keefe, Bruyette & Woods upped their price objective on CB Financial Services from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. DA Davidson lifted their target price on CB Financial Services from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Zacks Research upgraded CB Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CB Financial Services in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

About CB Financial Services

CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.

The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.