Stephen Cobain Sells 1,792 Shares of CB Financial Services (NASDAQ:CBFV) Stock

CB Financial Services, Inc. (NASDAQ:CBFV) insider Stephen Cobain sold 1,792 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $34.58, for a total transaction of $61,967.36. Following the completion of the sale, the insider owned 4,313 shares in the company, valued at approximately $149,143.54. This trade represents a 29.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

CB Financial Services Stock Performance

Shares of CBFV stock opened at $34.29 on Friday. The stock has a market capitalization of $171.79 million, a price-to-earnings ratio of 37.68 and a beta of 0.28. CB Financial Services, Inc. has a one year low of $26.01 and a one year high of $37.75. The company’s 50-day simple moving average is $35.41 and its 200-day simple moving average is $34.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 0.88.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.11). CB Financial Services had a net margin of 6.09% and a return on equity of 9.61%. The firm had revenue of $14.79 million for the quarter, compared to analyst estimates of $14.90 million. Equities analysts anticipate that CB Financial Services, Inc. will post 1.82 earnings per share for the current fiscal year.

CB Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.28 dividend. This is a positive change from CB Financial Services’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.3%. CB Financial Services’s dividend payout ratio (DPR) is presently 123.08%.

Institutional Trading of CB Financial Services

Several hedge funds have recently made changes to their positions in CBFV. Vanguard Group Inc. boosted its position in CB Financial Services by 158.5% during the 3rd quarter. Vanguard Group Inc. now owns 246,068 shares of the bank’s stock valued at $8,172,000 after purchasing an additional 150,873 shares during the period. M3F Inc. increased its position in CB Financial Services by 79.8% in the second quarter. M3F Inc. now owns 175,358 shares of the bank’s stock worth $4,998,000 after buying an additional 77,809 shares during the period. Geode Capital Management LLC increased its position in CB Financial Services by 112.2% in the second quarter. Geode Capital Management LLC now owns 107,608 shares of the bank’s stock worth $3,067,000 after buying an additional 56,889 shares during the period. Jane Street Group LLC bought a new stake in CB Financial Services in the first quarter valued at $537,000. Finally, Goldman Sachs Group Inc. lifted its stake in CB Financial Services by 108.0% in the first quarter. Goldman Sachs Group Inc. now owns 22,538 shares of the bank’s stock valued at $641,000 after buying an additional 11,704 shares during the last quarter. Institutional investors own 33.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CBFV. Zacks Research cut CB Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a report on Monday, December 29th. DA Davidson initiated coverage on shares of CB Financial Services in a research report on Wednesday, February 25th. They issued a “buy” rating and a $43.00 price target on the stock. Finally, Keefe, Bruyette & Woods decreased their price target on shares of CB Financial Services from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

About CB Financial Services

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.