CB Financial Services (NASDAQ:CBFV) Insider Stephen Cobain Sells 1,792 Shares

CB Financial Services, Inc. (NASDAQ:CBFV) insider Stephen Cobain sold 1,792 shares of CB Financial Services stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $34.58, for a total value of $61,967.36. Following the completion of the transaction, the insider directly owned 4,313 shares in the company, valued at $149,143.54. This represents a 29.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

CB Financial Services Trading Down 0.9%

NASDAQ CBFV traded down $0.31 on Friday, hitting $34.29. 8,707 shares of the stock were exchanged, compared to its average volume of 5,147. The company’s 50-day moving average price is $35.41 and its two-hundred day moving average price is $34.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.88. CB Financial Services, Inc. has a 52-week low of $26.01 and a 52-week high of $37.75. The company has a market capitalization of $171.79 million, a price-to-earnings ratio of 37.68 and a beta of 0.28.

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

CB Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a dividend of $0.28 per share. This is a boost from CB Financial Services’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 13th. This represents a $1.12 annualized dividend and a dividend yield of 3.3%. CB Financial Services’s dividend payout ratio is currently 123.08%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CBFV. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CB Financial Services in a report on Monday, December 29th. 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. DA Davidson began coverage on shares of CB Financial Services in a report on Wednesday, February 25th. They set a “buy” rating and a $43.00 price target for the company. Finally, Keefe, Bruyette & Woods lowered their price target on 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. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, CB Financial Services has an average rating of “Moderate Buy” and an average price target of $41.00.

Institutional Trading of CB Financial Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of CB Financial Services during the 2nd quarter worth about $30,000. Hazlett Burt & Watson Inc. bought a new stake in CB Financial Services during the fourth quarter worth about $33,000. BNP Paribas Financial Markets increased its holdings in shares of CB Financial Services by 89.7% during the third quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock worth $45,000 after buying an additional 635 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of CB Financial Services by 902.9% in the second quarter. JPMorgan Chase & Co. now owns 2,457 shares of the bank’s stock valued at $70,000 after acquiring an additional 2,212 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of CB Financial Services in the 2nd quarter worth approximately $73,000. Institutional investors own 33.06% of the company’s stock.

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.