M3F Inc. Boosts Stock Position in CB Financial Services, Inc. $CBFV

M3F Inc. increased its stake in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 204.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 97,549 shares of the bank’s stock after purchasing an additional 65,494 shares during the period. CB Financial Services accounts for 0.8% of M3F Inc.’s investment portfolio, making the stock its 24th largest position. M3F Inc. owned about 1.91% of CB Financial Services worth $2,775,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Millennium Management LLC purchased a new position in CB Financial Services during the fourth quarter valued at approximately $301,000. Ameriprise Financial Inc. purchased a new position in shares of CB Financial Services during the 4th quarter valued at $323,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of CB Financial Services by 11.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,467 shares of the bank’s stock valued at $241,000 after purchasing an additional 892 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of CB Financial Services by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,822 shares of the bank’s stock worth $509,000 after purchasing an additional 967 shares during the period. Finally, ORG Partners LLC purchased a new stake in shares of CB Financial Services in the first quarter worth $211,000. 33.06% of the stock is currently owned by institutional investors.

CB Financial Services Price Performance

Shares of CB Financial Services stock opened at $32.89 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. CB Financial Services, Inc. has a one year low of $25.31 and a one year high of $33.98. The stock has a market capitalization of $164.12 million, a P/E ratio of 15.30 and a beta of 0.37. The business’s 50 day simple moving average is $30.22 and its two-hundred day simple moving average is $29.18.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Tuesday, July 22nd. The bank reported $0.74 EPS for the quarter, topping the consensus estimate of $0.40 by $0.34. The company had revenue of $13.47 million for the quarter, compared to the consensus estimate of $12.83 million. CB Financial Services had a net margin of 14.43% and a return on equity of 7.79%. Analysts forecast that CB Financial Services, Inc. will post 1.82 EPS for the current year.

CB Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.2%. This is a positive change from CB Financial Services’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, August 15th. CB Financial Services’s payout ratio is currently 48.37%.

Wall Street Analyst Weigh In

CBFV has been the subject of several research analyst reports. DA Davidson lifted their price objective on CB Financial Services from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen raised CB Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Keefe, Bruyette & Woods upgraded CB Financial Services from a “market perform” rating to an “outperform” rating and raised their price target for the company from $31.00 to $39.00 in a research report on Thursday, July 24th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.50.

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.