Insider Selling: CB Financial Services, Inc. (NASDAQ:CBFV) Director Sells $23,852.00 in Stock

CB Financial Services, Inc. (NASDAQ:CBFV) Director John J. Lacarte sold 712 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $33.50, for a total value of $23,852.00. Following the completion of the transaction, the director now owns 39,803 shares in the company, valued at approximately $1,333,400.50. The trade was a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

CB Financial Services Stock Down 1.6 %

CBFV opened at $31.22 on Friday. The company has a 50 day moving average of $29.67 and a 200 day moving average of $26.39. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services, Inc. has a 12 month low of $20.75 and a 12 month high of $33.72. The company has a market cap of $159.85 million, a PE ratio of 7.02 and a beta of 0.58.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings results on Friday, October 25th. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. The firm had revenue of $21.01 million during the quarter, compared to analyst estimates of $12.60 million. On average, sell-side analysts expect that CB Financial Services, Inc. will post 2.18 EPS for the current year.

CB Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Friday, November 15th. CB Financial Services’s dividend payout ratio is presently 22.47%.

Institutional Investors Weigh In On CB Financial Services

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of CB Financial Services in the third quarter worth $941,000. 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 acquiring an additional 943 shares during the last quarter. Geode Capital Management LLC increased its stake in CB Financial Services by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock worth $1,352,000 after acquiring an additional 4,295 shares during the last quarter. Fourthstone LLC purchased a new stake in shares of CB Financial Services in the 3rd quarter valued at about $373,000. Finally, De Lisle Partners LLP boosted its position in shares of CB Financial Services by 9.1% during the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock valued at $823,000 after acquiring an additional 2,429 shares during the last quarter. 33.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CBFV. StockNews.com assumed coverage on CB Financial Services in a research note on Monday, December 2nd. They issued a “hold” rating on the stock. DA Davidson boosted their price objective on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th.

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.