Mark E. Fox Sells 3,538 Shares of CB Financial Services, Inc. (NASDAQ:CBFV) Stock

CB Financial Services, Inc. (NASDAQ:CBFV) Chairman Mark E. Fox sold 3,538 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $31.50, for a total value of $111,447.00. Following the transaction, the chairman now directly owns 11,414 shares in the company, valued at approximately $359,541. The trade was a 23.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

CB Financial Services Trading Down 4.1 %

CB Financial Services stock opened at $29.61 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. CB Financial Services, Inc. has a 52 week low of $20.75 and a 52 week high of $33.72. The company has a 50 day moving average price of $29.87 and a 200 day moving average price of $26.60. The firm has a market capitalization of $151.72 million, a price-to-earnings ratio of 6.65 and a beta of 0.58.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings data on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. Research analysts forecast that CB Financial Services, Inc. will post 2.18 EPS for the current year.

CB Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.38%. CB Financial Services’s dividend payout ratio (DPR) is presently 22.47%.

Institutional Investors Weigh In On CB Financial Services

Hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of CB Financial Services during the 3rd quarter worth approximately $941,000. Commonwealth Equity Services LLC acquired a new stake in CB Financial Services during the second quarter worth about $393,000. Fourthstone LLC acquired a new position in CB Financial Services during the third quarter worth about $373,000. Janney Montgomery Scott LLC increased its holdings in CB Financial Services by 2.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock worth $10,204,000 after purchasing an additional 8,143 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in 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 acquiring an additional 4,295 shares during the last quarter. Institutional investors and hedge funds own 33.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CBFV shares. DA Davidson increased 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 began coverage on shares of CB Financial Services in a research report on Tuesday. They set a “hold” rating for the company.

About CB Financial Services

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.