CB Financial Services (NASDAQ:CBFV) COO Jennifer George Sells 2,110 Shares of Company Stock

CB Financial Services, Inc. (NASDAQ:CBFV) COO Jennifer George sold 2,110 shares of CB Financial Services stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $40.39, for a total transaction of $85,222.90. Following the completion of the sale, the chief operating officer directly owned 13,140 shares in the company, valued at $530,724.60. This represents a 13.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CB Financial Services Price Performance

NASDAQ CBFV traded up $0.79 on Wednesday, hitting $41.20. The company had a trading volume of 16,850 shares, compared to its average volume of 5,420. The company has a market capitalization of $209.30 million, a PE ratio of 12.08 and a beta of 0.28. The company’s fifty day moving average price is $37.75 and its 200-day moving average price is $36.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.85. CB Financial Services, Inc. has a 12-month low of $31.72 and a 12-month high of $41.31.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Monday, October 26th. The bank reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.10. CB Financial Services had a net margin of 21.00% and a return on equity of 10.56%. The business had revenue of $16.02 million for the quarter, compared to the consensus estimate of $16.25 million. As a group, analysts predict that CB Financial Services, Inc. will post 3.25 earnings per share for the current year.

CB Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, November 13th. CB Financial Services’s dividend payout ratio is 32.84%.

Analysts Set New Price Targets

CBFV has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CB Financial Services in a research note on Monday, September 21st. Keefe, Bruyette & Woods boosted their price target 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. Finally, DA Davidson reissued a “buy” rating and issued a $44.00 target price on shares of CB Financial Services in a research note on Tuesday, October 27th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Institutional Investors Weigh In On CB Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG acquired a new position in shares of CB Financial Services in the 2nd quarter worth approximately $173,000. Bank of America Corp DE purchased a new position in shares of CB Financial Services during the 2nd quarter worth approximately $212,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in CB Financial Services in the 2nd quarter valued at approximately $351,000. HBK Sorce Advisory LLC acquired a new stake in CB Financial Services in the 2nd quarter valued at approximately $393,000. Finally, Bank of New York Mellon Corp purchased a new stake in CB Financial Services in the second quarter valued at approximately $407,000. 33.06% of the stock is owned by hedge funds and other institutional investors.

About CB Financial Services

CB Financial Services, Inc is a bank holding company headquartered in Carmichaels, Pennsylvania. Its principal subsidiary, Community Bank, provides personal and business banking services to individuals, families, farms, and companies in the communities it serves.

Community Bank offers a range of deposit products, including checking, savings, money market, and time deposit accounts. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, business loans, agricultural loans, and consumer credit.