De Lisle Partners LLP Takes $1.27 Million Position in CB Financial Services, Inc. $CBFV

De Lisle Partners LLP purchased a new stake in shares of CB Financial Services, Inc. (NASDAQ:CBFV) during the second quarter, Holdings Channel.com reports. The fund purchased 33,674 shares of the bank’s stock, valued at approximately $1,268,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its position in CB Financial Services by 1,093.4% in the 4th quarter. Bank of America Corp DE now owns 3,807 shares of the bank’s stock worth $109,000 after purchasing an additional 3,488 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in CB Financial Services by 108.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,538 shares of the bank’s stock valued at $641,000 after buying an additional 11,704 shares during the last quarter. Empowered Funds LLC lifted its position in shares of CB Financial Services by 2.5% during the 1st quarter. Empowered Funds LLC now owns 34,000 shares of the bank’s stock worth $967,000 after buying an additional 828 shares in the last quarter. Jane Street Group LLC bought a new position in shares of CB Financial Services during the 1st quarter worth approximately $537,000. Finally, Acadian Asset Management LLC boosted its stake in shares of CB Financial Services by 30.3% in the 1st quarter. Acadian Asset Management LLC now owns 4,158 shares of the bank’s stock worth $115,000 after buying an additional 966 shares during the last quarter. 33.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CB Financial Services

In other CB Financial Services news, insider Stephen Cobain sold 1,500 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $37.10, for a total transaction of $55,650.00. Following the completion of the transaction, the insider directly owned 4,313 shares of the company’s stock, valued at approximately $160,012.30. This represents a 25.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Swiatek sold 1,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $37.06, for a total value of $37,060.00. Following the completion of the sale, the director directly owned 12,644 shares of the company’s stock, valued at $468,586.64. This represents a 7.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 10.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

CB Financial Services Stock Performance

Shares of CBFV stock opened at $37.60 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $191.01 million, a price-to-earnings ratio of 27.85 and a beta of 0.28. CB Financial Services, Inc. has a 52 week low of $30.06 and a 52 week high of $38.86. The firm’s 50-day simple moving average is $37.14 and its two-hundred day simple moving average is $35.87.

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

CB Financial Services Dividend Announcement

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

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.