Charles Guthrie Sells 1,913 Shares of CB Financial Services (NASDAQ:CBFV) Stock

CB Financial Services, Inc. (NASDAQ:CBFV) Vice Chairman Charles Guthrie sold 1,913 shares of CB Financial Services stock in a transaction on Friday, February 6th. The stock was sold at an average price of $37.35, for a total transaction of $71,450.55. Following the completion of the transaction, the insider owned 16,796 shares in the company, valued at $627,330.60. This trade represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CB Financial Services Trading Down 0.2%

Shares of NASDAQ:CBFV opened at $37.26 on Wednesday. The company has a market cap of $186.67 million, a P/E ratio of 40.95 and a beta of 0.29. The stock’s 50-day moving average is $35.56 and its 200-day moving average is $33.84. CB Financial Services, Inc. has a 52-week low of $26.01 and a 52-week high of $37.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 0.88.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.11). CB Financial Services had a return on equity of 9.61% and a net margin of 6.09%.The business had revenue of $14.79 million for the quarter, compared to analyst estimates of $14.90 million. Equities research analysts predict that CB Financial Services, Inc. will post 1.82 earnings per share for the current year.

CB Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from CB Financial Services’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, February 13th. CB Financial Services’s dividend payout ratio is presently 114.29%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CBFV. Keefe, Bruyette & Woods dropped their target price on shares of CB Financial Services from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of CB Financial Services in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of CB Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.50.

Institutional Investors Weigh In On CB Financial Services

A number of institutional investors have recently bought and sold shares of the business. M3F Inc. raised its stake in shares of CB Financial Services by 79.8% in the 2nd quarter. M3F Inc. now owns 175,358 shares of the bank’s stock valued at $4,998,000 after buying an additional 77,809 shares in the last quarter. Bank of America Corp DE boosted its position in shares of CB Financial Services by 22.5% during the 3rd quarter. Bank of America Corp DE now owns 5,035 shares of the bank’s stock valued at $167,000 after acquiring an additional 924 shares in the last quarter. Citadel Advisors LLC increased 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 acquiring an additional 632 shares during the period. Jane Street Group LLC acquired a new position in CB Financial Services in the first quarter worth about $537,000. Finally, Goldman Sachs Group Inc. lifted its stake in CB Financial Services by 108.0% during the first quarter. Goldman Sachs Group Inc. now owns 22,538 shares of the bank’s stock worth $641,000 after purchasing an additional 11,704 shares during the period. Institutional investors and hedge funds own 33.06% of the company’s stock.

CB Financial Services Company Profile

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.