683 Capital Management LLC Makes New Investment in CB Financial Services, Inc. (NASDAQ:CBFV)

683 Capital Management LLC acquired a new stake in CB Financial Services, Inc. (NASDAQ:CBFV - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 12,019 shares of the bank's stock, valued at approximately $344,000. 683 Capital Management LLC owned 0.23% of CB Financial Services as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Barclays PLC boosted its holdings in shares of CB Financial Services by 12.7% in the third quarter. Barclays PLC now owns 8,373 shares of the bank's stock valued at $234,000 after buying an additional 943 shares during the period. Geode Capital Management LLC raised its stake in shares of CB Financial Services by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank's stock valued at $1,352,000 after purchasing an additional 4,295 shares during the period. Empowered Funds LLC lifted its holdings in shares of CB Financial Services by 1.8% in the fourth quarter. Empowered Funds LLC now owns 33,172 shares of the bank's stock valued at $948,000 after purchasing an additional 600 shares in the last quarter. Waldron Private Wealth LLC boosted its position in shares of CB Financial Services by 100.0% during the fourth quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank's stock worth $3,447,000 after buying an additional 60,306 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of CB Financial Services during the third quarter worth about $941,000. 33.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised CB Financial Services from a "sell" rating to a "hold" rating in a research report on Wednesday.

CB Financial Services Stock Up 1.3 %

CBFV stock opened at $29.46 on Friday. The company has a market cap of $150.30 million, a price-to-earnings ratio of 12.33 and a beta of 0.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services, Inc. has a twelve month low of $20.75 and a twelve month high of $33.72. The business has a 50 day moving average price of $28.13 and a two-hundred day moving average price of $29.05.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.07. The business had revenue of $12.10 million during the quarter, compared to analysts' expectations of $12.69 million. CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. Analysts anticipate that CB Financial Services, Inc. will post 1.82 EPS 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. Investors 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 3.39%. CB Financial Services's dividend payout ratio (DPR) is currently 52.08%.

Insider Transactions at CB Financial Services

In other CB Financial Services news, Director John Swiatek sold 2,500 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $29.02, for a total transaction of $72,550.00. Following the transaction, the director now owns 11,494 shares in the company, valued at $333,555.88. This represents a 17.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.40% of the stock is owned by corporate insiders.

CB Financial Services Profile

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.

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