Janney Montgomery Scott LLC boosted its position in shares of CB Financial Services Inc (NASDAQ:CBFV) by 5.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 169,247 shares of the bank’s stock after purchasing an additional 8,774 shares during the period. Janney Montgomery Scott LLC owned about 3.13% of CB Financial Services worth $4,194,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP bought a new position in shares of CB Financial Services in the third quarter worth about $233,000. Renaissance Technologies LLC acquired a new stake in shares of CB Financial Services during the 2nd quarter worth approximately $266,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of CB Financial Services during the 2nd quarter worth approximately $307,000. Bank of New York Mellon Corp acquired a new stake in shares of CB Financial Services during the 2nd quarter worth approximately $497,000. Finally, HBK Sorce Advisory LLC acquired a new stake in shares of CB Financial Services during the 3rd quarter worth approximately $602,000. 27.18% of the stock is owned by hedge funds and other institutional investors.

CB Financial Services stock opened at $26.11 on Monday. The company has a market capitalization of $141.37 million, a PE ratio of 15.45, a P/E/G ratio of 1.21 and a beta of 0.38. CB Financial Services Inc has a twelve month low of $22.82 and a twelve month high of $36.95. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Thursday, January 31st. The bank reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). The business had revenue of $12.77 million during the quarter, compared to the consensus estimate of $12.55 million. CB Financial Services had a return on equity of 6.49% and a net margin of 13.81%. As a group, equities research analysts predict that CB Financial Services Inc will post 2.15 EPS for the current fiscal year.

In other news, Director John J. Lacarte purchased 2,250 shares of the company’s stock in a transaction on Tuesday, December 18th. The shares were purchased at an average cost of $25.25 per share, with a total value of $56,812.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 4,590 shares of company stock worth $116,957 over the last ninety days. Insiders own 10.60% of the company’s stock.

Several brokerages have recently commented on CBFV. Zacks Investment Research cut shares of CB Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday, December 11th. TheStreet cut shares of CB Financial Services from a “b” rating to a “c+” rating in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. CB Financial Services has a consensus rating of “Hold” and a consensus target price of $34.67.

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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. The company's deposit products include demand deposits, NOW accounts, money market accounts, savings accounts, and time deposits.

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Institutional Ownership by Quarter for CB Financial Services (NASDAQ:CBFV)

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