Endeavour Capital Advisors Inc. Sells 24,937 Shares of CB Financial Services, Inc. $CBFV

Endeavour Capital Advisors Inc. cut its holdings in shares of CB Financial Services, Inc. (NASDAQ:CBFVFree Report) by 48.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 26,846 shares of the bank’s stock after selling 24,937 shares during the quarter. Endeavour Capital Advisors Inc.’s holdings in CB Financial Services were worth $936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in shares of CB Financial Services by 89.7% during 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. JPMorgan Chase & Co. grew its stake in CB Financial Services by 902.9% during the second quarter. JPMorgan Chase & Co. now owns 2,457 shares of the bank’s stock worth $70,000 after buying an additional 2,212 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in CB Financial Services during the 2nd quarter valued at $73,000. Raymond James Financial Inc. acquired a new stake in shares of CB Financial Services in the second quarter valued at $99,000. Finally, New York State Common Retirement Fund bought a new position in shares of CB Financial Services in the second quarter worth about $105,000. Institutional investors own 33.06% of the company’s stock.

Insider Activity at CB Financial Services

In other news, insider Stephen Cobain sold 1,792 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $34.58, for a total transaction of $61,967.36. Following the transaction, the insider owned 4,313 shares in the company, valued at approximately $149,143.54. This trade represents a 29.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CBFV shares. Weiss Ratings restated a “hold (c)” rating on shares of CB Financial Services in a research report on Friday, March 27th. DA Davidson assumed coverage on shares of CB Financial Services in a report on Wednesday, February 25th. They issued a “buy” rating and a $43.00 target price on the stock. Zacks Research upgraded CB Financial Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of CB Financial Services from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Read Our Latest Analysis on CB Financial Services

CB Financial Services Stock Performance

Shares of CBFV stock opened at $34.49 on Tuesday. CB Financial Services, Inc. has a one year low of $27.11 and a one year high of $37.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $174.86 million, a P/E ratio of 26.74 and a beta of 0.28. The company has a fifty day moving average price of $34.93 and a two-hundred day moving average price of $35.01.

CB Financial Services (NASDAQ:CBFVGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. CB Financial Services had a return on equity of 10.07% and a net margin of 8.32%.The firm had revenue of $14.82 million for the quarter, compared to the consensus estimate of $15.50 million. As a group, equities analysts predict that CB Financial Services, Inc. will post 3.12 EPS for the current year.

CB Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.2%. CB Financial Services’s payout ratio is presently 86.82%.

About CB Financial Services

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CBFV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CB Financial Services, Inc. (NASDAQ:CBFVFree Report).

Institutional Ownership by Quarter for CB Financial Services (NASDAQ:CBFV)

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