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 stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $31.50, for a total value of $111,447.00. Following the sale, the chairman now directly owns 11,414 shares of the company’s stock, valued at $359,541. The trade was a 23.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CB Financial Services Stock Performance

CBFV traded down $1.28 during trading hours on Wednesday, hitting $29.61. The stock had a trading volume of 6,246 shares, compared to its average volume of 4,385. The stock has a market cap of $151.72 million, a PE ratio of 6.65 and a beta of 0.58. CB Financial Services, Inc. has a 1 year low of $20.75 and a 1 year high of $33.72. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $29.84 and its 200 day simple moving average is $26.58.

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

CB Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.38%. The ex-dividend date was Friday, November 15th. CB Financial Services’s payout ratio is 22.47%.

Wall Street Analyst Weigh In

Several analysts have commented on CBFV shares. StockNews.com initiated coverage on shares of CB Financial Services in a research report on Tuesday. They issued a “hold” rating on the stock. DA Davidson lifted their price target on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

Hedge Funds Weigh In On CB Financial Services

A number of institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC bought a new stake in shares of CB Financial Services during the 2nd quarter valued at about $393,000. Wilmington Savings Fund Society FSB bought a new stake in CB Financial Services during the third quarter valued at approximately $941,000. Janney Montgomery Scott LLC lifted its position in CB Financial Services by 2.3% during the third quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after purchasing an additional 8,143 shares during the last quarter. Empowered Funds LLC grew its stake in 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 buying an additional 1,608 shares in the last quarter. Finally, Acadian Asset Management LLC increased 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 buying an additional 1,119 shares during the last quarter. 33.06% of the stock is currently owned by institutional investors.

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.