CB Financial Services, Inc. (NASDAQ:CBFV) Director John J. Lacarte Sells 633 Shares

Key Points

• CB Financial Services Director John J. Lacarte sold 633 shares at an average price of $33.30, reducing his ownership by 1.35% to a total of 46,170 shares worth $1.54 million.
• The company reported $0.74 earnings per share for the latest quarter, exceeding analysts’ expectations by $0.34, with revenue of $13.47 million.
• CB Financial Services declared a quarterly dividend of $0.26, an increase from the previous $0.25, representing a 3.29% yield for investors.

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) Director John J. Lacarte sold 633 shares of CB Financial Services stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $33.30, for a total value of $21,078.90. Following the transaction, the director owned 46,170 shares in the company, valued at $1,537,461. This trade represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

CB Financial Services Price Performance

Shares of CBFV stock traded down $1.40 during trading hours on Thursday, hitting $31.59. The stock had a trading volume of 14,461 shares, compared to its average volume of 19,485. CB Financial Services, Inc. has a one year low of $23.40 and a one year high of $33.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.88. The stock's 50-day moving average price is $28.92 and its two-hundred day moving average price is $28.80. The stock has a market capitalization of $158.68 million, a price-to-earnings ratio of 14.69 and a beta of 0.29.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The bank reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.34. CB Financial Services had a return on equity of 7.80% and a net margin of 14.43%. The firm had revenue of $13.47 million for the quarter, compared to analysts' expectations of $12.83 million. Equities analysts forecast that CB Financial Services, Inc. will post 1.82 EPS for the current year.

CB Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.04 annualized dividend and a yield of 3.29%. This is a positive change from CB Financial Services's previous quarterly dividend of $0.25. CB Financial Services's dividend payout ratio (DPR) is currently 48.37%.

Analyst Ratings Changes

CBFV has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised CB Financial Services from a "market perform" rating to an "outperform" rating and raised their price target for the company from $31.00 to $39.00 in a report on Thursday, July 24th. DA Davidson raised their price target on CB Financial Services from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Wall Street Zen raised CB Financial Services from a "sell" rating to a "hold" rating in a report on Saturday, July 26th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new position in CB Financial Services in the fourth quarter worth about $301,000. Ameriprise Financial Inc. purchased a new position in CB Financial Services in the fourth quarter worth about $323,000. Dimensional Fund Advisors LP grew its position in CB Financial Services by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,822 shares of the bank's stock worth $509,000 after acquiring an additional 967 shares in the last quarter. ORG Partners LLC purchased a new position in CB Financial Services in the first quarter worth about $211,000. Finally, M3F Inc. purchased a new position in CB Financial Services in the fourth quarter worth about $916,000. Hedge funds and other institutional investors own 33.06% of the company's stock.

CB Financial Services Company 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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