CB Financial Services, Inc. (NASDAQ:CBFV) Vice Chairman Sells $111,431.45 in Stock

CB Financial Services, Inc. (NASDAQ:CBFV) Vice Chairman Charles R. Guthrie sold 3,415 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $32.63, for a total value of $111,431.45. Following the completion of the sale, the insider now owns 15,194 shares in the company, valued at approximately $495,780.22. This represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

CB Financial Services Price Performance

Shares of CBFV traded down $0.27 on Monday, reaching $33.43. The stock had a trading volume of 2,824 shares, compared to its average volume of 4,338. CB Financial Services, Inc. has a twelve month low of $20.75 and a twelve month high of $33.72. The firm has a market capitalization of $171.16 million, a PE ratio of 7.57 and a beta of 0.58. The firm has a 50-day moving average of $29.28 and a 200 day moving average of $26.12. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23.

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, topping the consensus estimate of $0.51 by $0.04. The firm had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. Sell-side analysts expect that CB Financial Services, Inc. will post 2.18 EPS for the current year.

CB Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 2.99%. CB Financial Services’s payout ratio is currently 22.47%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CBFV shares. DA Davidson upped their price objective on shares of CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com assumed coverage on shares of CB Financial Services in a research note on Monday, December 2nd. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Barclays PLC increased its holdings in shares of CB Financial Services by 12.7% during the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after buying an additional 943 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of CB Financial Services by 115.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after purchasing an additional 1,119 shares during the period. Empowered Funds LLC raised its holdings in shares of 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 purchasing an additional 1,608 shares during the period. De Lisle Partners LLP lifted its stake in shares of CB Financial Services by 9.1% in the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock valued at $823,000 after purchasing an additional 2,429 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of CB Financial Services by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock worth $1,352,000 after purchasing an additional 4,295 shares during the period. Hedge funds and other institutional investors own 33.06% of the company’s stock.

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.