CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) Vice Chairman Charles R. Guthrie sold 3,415 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $32.63, for a total value of $111,431.45. Following the transaction, the insider now owns 15,194 shares in the company, valued at approximately $495,780.22. This trade represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CB Financial Services Stock Down 1.8 %
CBFV stock opened at $33.10 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. The company has a 50-day moving average of $29.38 and a two-hundred day moving average of $26.19. The stock has a market capitalization of $169.47 million, a price-to-earnings ratio of 7.44 and a beta of 0.58. CB Financial Services, Inc. has a 52-week low of $20.75 and a 52-week high of $33.72.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued its quarterly earnings results on Friday, October 25th. The bank reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. The company had revenue of $21.01 million for the quarter, compared to the consensus estimate of $12.60 million. As a group, equities research analysts anticipate that CB Financial Services, Inc. will post 2.18 EPS for the current year.
CB Financial Services Dividend Announcement
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The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Friday, November 15th. CB Financial Services's payout ratio is currently 22.47%.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. StockNews.com started coverage on CB Financial Services in a research note on Monday, December 2nd. They issued a "hold" rating on the stock. DA Davidson lifted their price target on shares of CB Financial Services from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th.
View Our Latest Stock Analysis on CB Financial Services
Institutional Trading of CB Financial Services
Hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC raised its position in shares of CB Financial Services by 115.4% during the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank's stock valued at $46,000 after buying an additional 1,119 shares during the last quarter. Barclays PLC increased its stake in CB Financial Services by 12.7% during the third quarter. Barclays PLC now owns 8,373 shares of the bank's stock valued at $234,000 after acquiring an additional 943 shares during the period. Fourthstone LLC bought a new stake in shares of CB Financial Services in the 3rd quarter worth approximately $373,000. Commonwealth Equity Services LLC bought a new stake in shares of CB Financial Services in the 2nd quarter worth approximately $393,000. Finally, De Lisle Partners LLP increased its position in shares of CB Financial Services by 9.1% during the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank's stock valued at $823,000 after purchasing an additional 2,429 shares during the period. 33.06% of the stock is owned by institutional investors.
About CB Financial Services
(
Get Free Report)
CB Financial Services, Inc operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products.
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