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

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

CB Financial Services Stock Performance

Shares of CBFV stock opened at $37.32 on Tuesday. The stock has a market cap of $189.59 million, a PE ratio of 27.64 and a beta of 0.28. The business has a 50-day simple moving average of $37.07 and a 200-day simple moving average of $35.81. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. CB Financial Services, Inc. has a 52-week low of $30.06 and a 52-week high of $38.86.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Monday, July 27th. The bank reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $15.53 million for the quarter, compared to the consensus estimate of $15.40 million. CB Financial Services had a return on equity of 10.08% and a net margin of 8.52%. On average, equities analysts expect that CB Financial Services, Inc. will post 3.21 EPS for the current year.

CB Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.28 per share. 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 presently 82.96%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. DA Davidson boosted their target price on shares of 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 shares of CB Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods lifted their price objective on shares of CB Financial Services from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CB Financial Services in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CB Financial Services has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in CB Financial Services in the 2nd quarter valued at $10,625,000. Vanguard Group Inc. increased its holdings in CB Financial Services by 158.5% in the 3rd quarter. Vanguard Group Inc. now owns 246,068 shares of the bank’s stock worth $8,172,000 after acquiring an additional 150,873 shares in the last quarter. M3F Inc. raised its position in CB Financial Services by 4.5% during the first quarter. M3F Inc. now owns 171,439 shares of the bank’s stock worth $5,860,000 after acquiring an additional 7,425 shares during the period. The Manufacturers Life Insurance Company raised its position in CB Financial Services by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 166,918 shares of the bank’s stock worth $4,757,000 after acquiring an additional 2,044 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in CB Financial Services by 112.2% during the second quarter. Geode Capital Management LLC now owns 107,608 shares of the bank’s stock valued at $3,067,000 after purchasing an additional 56,889 shares in the last quarter. Hedge funds and other 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.