Renaissance Technologies LLC Purchases New Position in CB Financial Services Inc (CBFV)
Renaissance Technologies LLC purchased a new position in shares of CB Financial Services Inc (NASDAQ:CBFV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,733 shares of the bank’s stock, valued at approximately $266,000.
Other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC lifted its stake in shares of CB Financial Services by 169.2% during the 2nd quarter. Acadian Asset Management LLC now owns 4,032 shares of the bank’s stock worth $139,000 after purchasing an additional 2,534 shares during the period. Schwab Charles Investment Management Inc. purchased a new position in shares of CB Financial Services during the 2nd quarter worth $307,000. Bank of New York Mellon Corp purchased a new position in shares of CB Financial Services during the 2nd quarter worth $497,000. Finally, BlackRock Inc. lifted its stake in shares of CB Financial Services by 14,285.0% during the 2nd quarter. BlackRock Inc. now owns 210,165 shares of the bank’s stock worth $7,231,000 after purchasing an additional 208,704 shares during the period. 26.79% of the stock is currently owned by institutional investors.
A number of research analysts have weighed in on CBFV shares. Zacks Investment Research lowered CB Financial Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 2nd. TheStreet lowered CB Financial Services from a “b” rating to a “c+” rating in a research note on Wednesday, October 24th. Finally, ValuEngine lowered CB Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $34.67.
In other news, Director Richard B. Boyer sold 1,028 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $32.10, for a total transaction of $32,998.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David F. Pollock acquired 1,100 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were purchased at an average price of $27.85 per share, with a total value of $30,635.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 1,959 shares of company stock worth $62,244. Corporate insiders own 10.60% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Renaissance Technologies LLC Purchases New Position in CB Financial Services Inc (CBFV)” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.dailypolitical.com/2018/11/10/renaissance-technologies-llc-purchases-new-position-in-cb-financial-services-inc-cbfv.html.
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. The company's deposit products include demand deposits, NOW accounts, money market accounts, savings accounts, and time deposits.
Featured Article: How to invest in a bear market
Want to see what other hedge funds are holding CBFV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CB Financial Services Inc (NASDAQ:CBFV).
Receive News & Ratings for CB Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CB Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.