CB Financial Services, Inc. (NASDAQ:CBFV) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its holdings in CB Financial Services, Inc. (NASDAQ:CBFV) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 419,420 shares of the bank’s stock after selling 1,957 shares during the quarter. Alliancebernstein L.P. owned 0.08% of CB Financial Services worth $11,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of CBFV. Barclays PLC lifted its holdings in CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after acquiring an additional 943 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in CB Financial Services during the 3rd quarter worth about $941,000. Empowered Funds LLC raised its holdings in CB Financial Services by 1.8% during the 4th quarter. Empowered Funds LLC now owns 33,172 shares of the bank’s stock worth $948,000 after buying an additional 600 shares during the period. Geode Capital Management LLC raised its holdings in CB Financial Services by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock worth $1,352,000 after buying an additional 4,295 shares during the period. Finally, Waldron Private Wealth LLC raised its holdings in CB Financial Services by 100.0% during the 4th quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank’s stock worth $3,447,000 after buying an additional 60,306 shares during the period. 33.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on CB Financial Services in a report on Thursday, December 26th. They set a “hold” rating on the stock.

CB Financial Services Price Performance

Shares of CBFV opened at $27.78 on Thursday. The company has a market capitalization of $142.26 million, a price-to-earnings ratio of 11.62 and a beta of 0.36. CB Financial Services, Inc. has a fifty-two week low of $20.75 and a fifty-two week high of $33.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. The business’s 50-day moving average is $28.65 and its 200-day moving average is $28.99.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. Equities research analysts expect that CB Financial Services, Inc. will post 1.82 EPS for the current fiscal year.

CB Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.25 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.60%. CB Financial Services’s dividend payout ratio is 41.84%.

CB Financial Services 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.