CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) Director John J. Lacarte sold 712 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $33.50, for a total transaction of $23,852.00. Following the sale, the director now owns 39,803 shares of the company's stock, valued at $1,333,400.50. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
CB Financial Services Stock Performance
Shares of NASDAQ:CBFV opened at $31.25 on Thursday. The company's 50 day simple moving average is $29.46 and its 200 day simple moving average is $26.26. The stock has a market capitalization of $160.13 million, a price-to-earnings ratio of 7.02 and a beta of 0.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. CB Financial Services, Inc. has a 1 year low of $20.75 and a 1 year high of $33.72.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last announced its quarterly earnings data on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. The business had revenue of $21.01 million for the quarter, compared to analysts' expectations of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. As a group, research analysts predict that CB Financial Services, Inc. will post 2.18 EPS for the current fiscal year.
CB Financial Services Announces Dividend
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The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.20%. CB Financial Services's dividend payout ratio (DPR) is 22.47%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its position in CB Financial Services by 115.4% in 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 in the last quarter. Barclays PLC boosted its position in CB Financial Services by 12.7% in the third quarter. Barclays PLC now owns 8,373 shares of the bank's stock valued at $234,000 after buying an additional 943 shares in the last quarter. Fourthstone LLC acquired a new stake in CB Financial Services in the third quarter valued at approximately $373,000. Commonwealth Equity Services LLC acquired a new stake in CB Financial Services in the second quarter valued at approximately $393,000. Finally, De Lisle Partners LLP boosted its position in CB Financial Services by 9.1% in the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank's stock valued at $823,000 after buying an additional 2,429 shares in the last quarter. 33.06% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on CBFV shares. StockNews.com started coverage on shares of CB Financial Services in a report on Monday, December 2nd. They set a "hold" rating on the stock. DA Davidson raised their target price on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th.
Get Our Latest Stock Analysis on CB Financial Services
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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