Insider Selling: CB Financial Services (NASDAQ:CBFV) Insider Sells $55,650.00 in Stock

CB Financial Services, Inc. (NASDAQ:CBFV) insider Stephen Cobain sold 1,500 shares of CB Financial Services stock in a transaction on Friday, August 14th. The shares were sold at an average price of $37.10, for a total value of $55,650.00. Following the completion of the transaction, the insider 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 sale was disclosed in a filing with the SEC, which can be accessed through this link.

CB Financial Services Stock Performance

Shares of CBFV opened at $37.71 on Thursday. The stock’s 50-day simple moving average is $37.14 and its 200 day simple moving average is $35.84. CB Financial Services, Inc. has a 52-week low of $30.06 and a 52-week high of $38.86. The stock has a market capitalization of $191.57 million, a price-to-earnings ratio of 27.93 and a beta of 0.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.85 and a current ratio of 0.85.

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

CB Financial Services Announces Dividend

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

Wall Street Analyst Weigh In

CBFV has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on CB Financial Services from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Zacks Research upgraded CB Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a report on Wednesday, June 24th. Finally, DA Davidson upped their price objective on shares of CB Financial Services from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Institutional Investors Weigh In On CB Financial Services

A number of large investors have recently added to or reduced their stakes in CBFV. Hazlett Burt & Watson Inc. bought a new position in CB Financial Services during the fourth quarter valued at approximately $33,000. BNP Paribas Financial Markets boosted its stake in shares of CB Financial Services by 89.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock valued at $45,000 after purchasing an additional 635 shares in the last quarter. JPMorgan Chase & Co. grew its holdings 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 valued at $70,000 after purchasing an additional 2,212 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of CB Financial Services during the 2nd quarter valued at $73,000. Finally, Raymond James Financial Inc. purchased a new position in CB Financial Services in the 2nd quarter worth $99,000. Hedge funds and other institutional investors own 33.06% of the company’s stock.

About CB Financial Services

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.