Insider Selling: CB Financial Services, Inc. (NASDAQ:CBFV) Director Sells 2,500 Shares of Stock

CB Financial Services, Inc. (NASDAQ:CBFV) Director John Swiatek sold 2,500 shares of CB Financial Services stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $29.50, for a total value of $73,750.00. Following the sale, the director now owns 11,494 shares of the company’s stock, valued at approximately $339,073. This trade represents a 17.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

John Swiatek also recently made the following trade(s):

• On Friday, April 25th, John Swiatek sold 2,500 shares of CB Financial Services stock. The stock was sold at an average price of $29.02, for a total value of $72,550.00.

CB Financial Services Stock Performance

NASDAQ:CBFV opened at $29.72 on Friday. The business has a 50 day moving average of $28.40 and a 200 day moving average of $29.11. The company has a market capitalization of $151.63 million, a price-to-earnings ratio of 12.44 and a beta of 0.33. CB Financial Services, Inc. has a 1-year low of $20.75 and a 1-year 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.

CB Financial Services (NASDAQ:CBFV) last released its earnings results on Wednesday, April 23rd. The bank reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. The company had revenue of $12.10 million during the quarter, compared to the consensus estimate of $12.69 million. CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. On average, sell-side analysts predict that CB Financial Services, Inc. will post 1.82 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.25 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.36%. CB Financial Services’s dividend payout ratio (DPR) is currently 52.08%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded CB Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, April 30th.

Hedge Funds Weigh In On CB Financial Services

A number of large investors have recently bought and sold shares of CBFV. Bank of America Corp DE increased its stake 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 during the period. ORG Partners LLC purchased a new position in CB Financial Services in the 1st quarter worth approximately $211,000. Barclays PLC increased its stake in CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after purchasing an additional 943 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in CB Financial Services by 11.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,467 shares of the bank’s stock worth $241,000 after purchasing an additional 892 shares during the period. Finally, Fiduciary Trust Co purchased a new position in CB Financial Services in the 4th quarter worth approximately $266,000. 33.06% of the stock is owned by hedge funds and other institutional investors.

About CB Financial Services

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.