CB Financial Services (NASDAQ:CBFV) COO Jennifer George Sells 2,110 Shares of Company Stock

CB Financial Services, Inc. (NASDAQ:CBFV) COO Jennifer George sold 2,110 shares of CB Financial Services stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $40.39, for a total transaction of $85,222.90. Following the sale, the chief operating officer directly owned 13,140 shares in the company, valued at $530,724.60. This trade represents a 13.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CB Financial Services Price Performance

Shares of NASDAQ CBFV opened at $41.20 on Thursday. CB Financial Services, Inc. has a fifty-two week low of $31.72 and a fifty-two week high of $41.31. The business has a 50 day moving average price of $37.82 and a two-hundred day moving average price of $36.34. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The firm has a market cap of $209.38 million, a PE ratio of 12.08 and a beta of 0.28.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Monday, October 26th. The bank reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. CB Financial Services had a net margin of 21.00% and a return on equity of 10.56%. The business had revenue of $16.02 million for the quarter, compared to analyst estimates of $16.25 million. Sell-side analysts expect that CB Financial Services, Inc. will post 3.30 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, November 13th. CB Financial Services’s payout ratio is presently 32.84%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG bought a new stake in CB Financial Services during the second quarter valued at about $173,000. Bank of America Corp DE bought a new position in shares of CB Financial Services in the second quarter worth about $212,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of CB Financial Services during the 2nd quarter worth about $351,000. HBK Sorce Advisory LLC acquired a new position in shares of CB Financial Services during the 2nd quarter worth about $393,000. Finally, Bank of New York Mellon Corp bought a new stake in CB Financial Services during the 2nd quarter valued at approximately $407,000. 33.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of CB Financial Services in a research report on Monday, September 21st. Keefe, Bruyette & Woods upped their price target 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, DA Davidson restated a “buy” rating and set a $44.00 price objective on shares of CB Financial Services in a research report on Tuesday, October 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, CB Financial Services has an average rating of “Moderate Buy” and a consensus price target of $42.50.

CB Financial Services Company Profile

CB Financial Services, Inc is a bank holding company headquartered in Carmichaels, Pennsylvania. Its principal subsidiary, Community Bank, provides personal and business banking services to individuals, families, farms, and companies in the communities it serves.

Community Bank offers a range of deposit products, including checking, savings, money market, and time deposit accounts. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, business loans, agricultural loans, and consumer credit.