CB Financial Services (NASDAQ:CBFV) Insider Stephen Cobain Sells 1,500 Shares

CB Financial Services, Inc. (NASDAQ:CBFV) insider Stephen Cobain sold 1,500 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $37.10, for a total transaction of $55,650.00. Following the completion of the sale, the insider directly owned 4,313 shares of the company’s stock, valued at approximately $160,012.30. This trade represents a 25.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

CB Financial Services Stock Down 0.3%

NASDAQ CBFV traded down $0.10 during trading on Monday, reaching $37.30. 1,380 shares of the company’s stock traded hands, compared to its average volume of 5,312. 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 firm has a market cap of $189.56 million, a price-to-earnings ratio of 27.63 and a beta of 0.28. The company’s 50 day simple moving average is $37.01 and its two-hundred day simple moving average is $35.79. CB Financial Services, Inc. has a 12-month low of $30.06 and a 12-month high of $38.86.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings results on Monday, July 27th. The bank reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. CB Financial Services had a net margin of 8.52% and a return on equity of 10.08%. The business had revenue of $15.53 million during the quarter, compared to analyst estimates of $15.40 million. As a group, sell-side analysts forecast that CB Financial Services, Inc. will post 3.21 EPS for the current fiscal year.

CB Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.12 dividend on an annualized basis and a yield of 3.0%. CB Financial Services’s payout ratio is 82.96%.

Hedge Funds Weigh In On CB Financial Services

Several hedge funds have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. purchased a new position in shares of CB Financial Services during the 4th quarter valued at approximately $33,000. BNP Paribas Financial Markets raised its position in shares of CB Financial Services by 89.7% in the third quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock worth $45,000 after acquiring an additional 635 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of CB Financial Services by 902.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,457 shares of the bank’s stock worth $70,000 after acquiring an additional 2,212 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of CB Financial Services during the 2nd quarter worth about $73,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of CB Financial Services during the 2nd quarter valued at about $99,000. 33.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CB Financial Services in a research report on Wednesday, June 24th. Zacks Research upgraded CB Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. DA Davidson boosted their target price 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. Finally, Keefe, Bruyette & Woods increased their price target on shares of CB Financial Services from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

CB Financial Services Company Profile

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.