CB Financial Services, Inc. (NASDAQ:CBFV – Get Free Report) Director John Swiatek sold 1,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $37.06, for a total value of $37,060.00. Following the sale, the director owned 12,644 shares of the company’s stock, valued at approximately $468,586.64. This represents a 7.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
CB Financial Services Stock Up 0.3%
Shares of NASDAQ CBFV opened at $37.32 on Tuesday. CB Financial Services, Inc. has a 12-month low of $30.06 and a 12-month high of $38.86. The stock’s fifty day simple moving average is $37.07 and its two-hundred day simple moving average is $35.81. The stock has a market capitalization of $189.59 million, a PE ratio of 27.64 and a beta of 0.28. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.21.
CB Financial Services (NASDAQ:CBFV – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The bank reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. The firm had revenue of $15.53 million during the quarter, compared to analyst estimates of $15.40 million. CB Financial Services had a return on equity of 10.08% and a net margin of 8.52%. As a group, analysts expect that CB Financial Services, Inc. will post 3.21 EPS for the current fiscal year.
CB Financial Services Dividend Announcement
Analysts Set New Price Targets
Several analysts have commented on CBFV shares. Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a research report on Wednesday, June 24th. Keefe, Bruyette & Woods lifted their price objective on shares of CB Financial Services from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Zacks Research upgraded shares of CB Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, DA Davidson increased their target price on shares of CB Financial Services from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.
Get Our Latest Report on CB Financial Services
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in CBFV. Geode Capital Management LLC raised its stake in CB Financial Services by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 106,009 shares of the bank’s stock valued at $3,696,000 after buying an additional 386 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in shares of CB Financial Services by 0.8% during the second quarter. Bridgeway Capital Management LLC now owns 65,537 shares of the bank’s stock worth $1,868,000 after acquiring an additional 537 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of CB Financial Services by 8.0% during the third quarter. Citadel Advisors LLC now owns 8,576 shares of the bank’s stock valued at $285,000 after acquiring an additional 632 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in CB Financial Services by 89.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock worth $45,000 after purchasing an additional 635 shares in the last quarter. Finally, Barclays PLC boosted its stake in CB Financial Services by 5.1% in the 4th quarter. Barclays PLC now owns 14,577 shares of the bank’s stock worth $508,000 after purchasing an additional 701 shares in the last quarter. 33.06% of the stock is owned by institutional investors and hedge funds.
CB Financial Services Company Profile
CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.
The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.
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