Wesbanco Bank Inc. Sells 300 Shares of CB Financial Services, Inc. (CBFV)
Wesbanco Bank Inc. decreased its position in CB Financial Services, Inc. (NASDAQ:CBFV) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,800 shares of the bank’s stock after selling 300 shares during the period. Wesbanco Bank Inc. owned about 2.05% of CB Financial Services worth $2,174,000 as of its most recent SEC filing.
Separately, First National Trust Co. raised its position in CB Financial Services by 13.7% in the second quarter. First National Trust Co. now owns 15,515 shares of the bank’s stock worth $403,000 after buying an additional 1,865 shares during the last quarter. 19.95% of the stock is owned by hedge funds and other institutional investors.
CB Financial Services, Inc. (CBFV) opened at 27.995 on Thursday. The firm has a market capitalization of $114.44 million, a price-to-earnings ratio of 16.182 and a beta of 0.33. The company’s 50-day moving average is $27.29 and its 200-day moving average is $27.16. CB Financial Services, Inc. has a 52-week low of $22.13 and a 52-week high of $29.40.
CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Friday, July 28th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The firm had revenue of $9.10 million for the quarter, compared to the consensus estimate of $9.27 million. CB Financial Services had a return on equity of 7.85% and a net margin of 18.04%. Equities analysts predict that CB Financial Services, Inc. will post $1.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.88 annualized dividend and a yield of 3.14%. CB Financial Services’s payout ratio is presently 50.87%.
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A number of research firms recently weighed in on CBFV. Zacks Investment Research upgraded shares of CB Financial Services from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday. Keefe, Bruyette & Woods restated a “hold” rating and set a $29.00 price target on shares of CB Financial Services in a research report on Thursday, July 27th.
CB Financial Services Company Profile
CB Financial Services, Inc is the bank holding company for Community Bank (the Bank). The Company operates in community banking segment. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area.
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