Insider Selling: CB Financial Services, Inc. (NASDAQ:CBFV) Director Sells $73,750.00 in Stock

CB Financial Services, Inc. (NASDAQ:CBFV) Director John Swiatek sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $29.50, for a total transaction of $73,750.00. Following the completion of the transaction, the director now directly owns 11,494 shares in the company, valued at approximately $339,073. The trade was a 17.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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 Down 0.1%

Shares of CBFV opened at $29.39 on Thursday. CB Financial Services, Inc. has a 12-month low of $20.75 and a 12-month high of $33.72. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $149.95 million, a PE ratio of 12.30 and a beta of 0.33. The business’s 50 day moving average is $28.36 and its 200 day moving average is $29.10.

CB Financial Services (NASDAQ:CBFV) last posted its earnings results on Wednesday, April 23rd. The bank reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.07. The firm had revenue of $12.10 million during the quarter, compared to analyst estimates of $12.69 million. CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. Research analysts expect that CB Financial Services, Inc. will post 1.82 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.40%. CB Financial Services’s payout ratio is 52.08%.

Hedge Funds Weigh In On CB Financial Services

Several hedge funds have recently bought and sold shares of CBFV. Empowered Funds LLC grew its position in shares of 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position 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 in the last quarter. Barclays PLC lifted 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 valued at $234,000 after buying an additional 943 shares in the last quarter. Dimensional Fund Advisors LP grew its position 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 valued at $509,000 after purchasing an additional 967 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of 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 valued at $109,000 after buying an additional 3,488 shares during the period. Institutional investors own 33.06% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of CB Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, April 30th.

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.