John Swiatek Sells 1,000 Shares of CB Financial Services (NASDAQ:CBFV) Stock

CB Financial Services, Inc. (NASDAQ:CBFV) Director John Swiatek sold 1,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $37.06, for a total transaction of $37,060.00. Following the completion of the sale, the director directly owned 12,644 shares in the company, valued at approximately $468,586.64. The trade was a 7.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

CB Financial Services Trading Down 0.2%

Shares of CBFV stock opened at $37.24 on Wednesday. CB Financial Services, Inc. has a 12-month low of $30.06 and a 12-month high of $38.86. The company has a market capitalization of $189.18 million, a P/E ratio of 27.59 and a beta of 0.28. The firm has a 50-day moving average price of $37.12 and a 200 day moving average price of $35.82. 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 (NASDAQ:CBFV) last issued its quarterly earnings data on Monday, July 27th. The bank reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.09. The firm had revenue of $15.53 million for the quarter, compared to analysts’ expectations of $15.40 million. CB Financial Services had a net margin of 8.52% and a return on equity of 10.08%. Research analysts forecast that CB Financial Services, Inc. will post 3.21 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 14th. CB Financial Services’s payout ratio is presently 82.96%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CBFV. Zacks Research raised CB Financial Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a research note on Wednesday, June 24th. Keefe, Bruyette & Woods increased their target price on CB Financial Services from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, DA Davidson raised their target price on CB Financial Services from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.50.

Institutional Trading of CB Financial Services

Several hedge funds have recently modified their holdings of CBFV. Bank of America Corp DE increased its holdings in shares of CB Financial Services by 1,093.4% in the fourth quarter. Bank of America Corp DE now owns 3,807 shares of the bank’s stock valued at $109,000 after purchasing an additional 3,488 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in CB Financial Services by 108.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,538 shares of the bank’s stock valued at $641,000 after buying an additional 11,704 shares during the last quarter. Empowered Funds LLC boosted its position in CB Financial Services by 2.5% in the 1st quarter. Empowered Funds LLC now owns 34,000 shares of the bank’s stock valued at $967,000 after buying an additional 828 shares during the last quarter. Jane Street Group LLC bought a new position in CB Financial Services in the 1st quarter valued at $537,000. Finally, Acadian Asset Management LLC increased its stake in shares of CB Financial Services by 30.3% in the 1st quarter. Acadian Asset Management LLC now owns 4,158 shares of the bank’s stock valued at $115,000 after buying an additional 966 shares during the period. 33.06% of the stock is owned by institutional investors.

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.