CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) Director John Swiatek sold 1,000 shares of the business's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $37.06, for a total transaction of $37,060.00. Following the sale, the director directly owned 12,644 shares in the company, valued at $468,586.64. This trade represents a 7.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
CB Financial Services Stock Performance
Shares of CBFV stock opened at $37.32 on Tuesday. The firm has a market capitalization of $189.59 million, a price-to-earnings ratio of 27.64 and a beta of 0.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.85. The business has a fifty day moving average of $37.07 and a 200 day moving average of $35.81. CB Financial Services, Inc. has a 1 year low of $30.06 and a 1 year high of $38.86.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The bank reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.09. The company had revenue of $15.53 million during the quarter, compared to analysts' expectations of $15.40 million. CB Financial Services had a return on equity of 10.08% and a net margin of 8.52%. As a group, research analysts expect that CB Financial Services, Inc. will post 3.21 earnings per share for the current year.
CB Financial Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.0%. CB Financial Services's payout ratio is 82.96%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on CBFV. DA Davidson increased their price target on shares of CB Financial Services from $40.00 to $44.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Keefe, Bruyette & Woods upped their price objective 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. Weiss Ratings reiterated a "hold (c)" rating on shares of CB Financial Services in a research note on Wednesday, June 24th. Finally, Zacks Research raised shares of CB Financial Services from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.50.
Read Our Latest Stock Analysis on CBFV
Institutional Trading of CB Financial Services
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in CB Financial Services by 1,093.4% during the fourth quarter. Bank of America Corp DE now owns 3,807 shares of the bank's stock valued at $109,000 after acquiring 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 worth $641,000 after purchasing an additional 11,704 shares in 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 worth $967,000 after purchasing an additional 828 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of CB Financial Services during the 1st quarter worth approximately $537,000. Finally, Acadian Asset Management LLC grew its stake in shares of CB Financial Services by 30.3% during the 1st quarter. Acadian Asset Management LLC now owns 4,158 shares of the bank's stock worth $115,000 after purchasing an additional 966 shares during the period. 33.06% of the stock is owned by institutional investors and hedge funds.
About CB Financial Services
(
Get Free Report)
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.
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