Mark E. Fox Sells 3,538 Shares of CB Financial Services, Inc. (NASDAQ:CBFV) Stock

CB Financial Services, Inc. (NASDAQ:CBFV) Chairman Mark E. Fox sold 3,538 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $31.50, for a total value of $111,447.00. Following the completion of the sale, the chairman now directly owns 11,414 shares in the company, valued at approximately $359,541. This represents a 23.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CB Financial Services Stock Performance

Shares of NASDAQ CBFV opened at $29.69 on Friday. CB Financial Services, Inc. has a 12-month low of $20.75 and a 12-month high of $33.72. The firm has a market capitalization of $152.13 million, a price-to-earnings ratio of 6.67 and a beta of 0.58. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $29.90 and a 200 day moving average of $26.62.

CB Financial Services (NASDAQ:CBFV) last issued 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. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. The firm had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. On average, research analysts anticipate that CB Financial Services, Inc. will post 2.18 earnings per share for the current year.

CB Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Friday, November 15th. CB Financial Services’s dividend payout ratio (DPR) is currently 22.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC bought a new stake in CB Financial Services during the 2nd quarter worth approximately $393,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of CB Financial Services in the third quarter worth $941,000. Janney Montgomery Scott LLC raised its position in shares of CB Financial Services by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after purchasing an additional 8,143 shares during the period. Empowered Funds LLC increased its stake in CB Financial Services by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after buying an additional 1,608 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in 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 acquiring an additional 1,119 shares during the period. 33.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CBFV. DA Davidson lifted 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. StockNews.com began coverage on shares of CB Financial Services in a research report on Tuesday. They set a “hold” rating for the company.

CB Financial Services Company Profile

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.