CB Financial Services (NASDAQ:CBFV) Insider Sells $61,967.36 in Stock

CB Financial Services, Inc. (NASDAQ:CBFV) insider Stephen Cobain sold 1,792 shares of CB Financial Services 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 sale, the insider directly owned 4,313 shares in the company, valued at $149,143.54. The trade was 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 Down 0.9%

Shares of NASDAQ:CBFV opened at $34.29 on Monday. CB Financial Services, Inc. has a 52-week low of $26.01 and a 52-week high of $37.75. The firm has a market capitalization of $171.79 million, a P/E ratio of 37.68 and a beta of 0.28. The stock has a 50 day moving average price of $35.41 and a 200-day moving average price of $34.28. 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 released its earnings results on Tuesday, January 27th. The bank reported $0.72 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $14.90 million. As a group, equities research analysts anticipate that CB Financial Services, Inc. will post 1.82 EPS for the current fiscal year.

CB Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.3%. This is a boost from CB Financial Services’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 13th. CB Financial Services’s dividend payout ratio is presently 123.08%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. DA Davidson assumed coverage on shares of CB Financial Services in a report on Wednesday, February 25th. They set a “buy” rating and a $43.00 price target on the stock. Keefe, Bruyette & Woods decreased their price objective 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. Zacks Research downgraded shares of CB Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CB Financial Services in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. M3F Inc. grew its stake in shares of CB Financial Services by 79.8% in the 2nd quarter. M3F Inc. now owns 175,358 shares of the bank’s stock worth $4,998,000 after buying an additional 77,809 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of CB Financial Services during the 2nd quarter valued at about $30,000. New York State Common Retirement Fund purchased a new stake in shares of CB Financial Services during the 2nd quarter valued at about $105,000. Raymond James Financial Inc. bought a new position in shares of CB Financial Services in the 2nd quarter valued at about $99,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of CB Financial Services in the 2nd quarter valued at about $73,000. Institutional investors own 33.06% of the company’s stock.

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.