CB Financial Services (NASDAQ:CBFV) Director Sells $37,060.00 in Stock

Key Points

• Director John Swiatek sold 1,000 CB Financial Services shares at an average price of $37.06, reducing his direct holdings by 7.33% to 12,644 shares.
• CBFV recently reported quarterly EPS of $0.81, beating estimates of $0.72, while revenue of $15.53 million also exceeded expectations.
• The company declared a quarterly dividend of $0.28 per share, equivalent to a $1.12 annualized payout and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with a $42.50 target price.

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) Director John Swiatek sold 1,000 shares of CB Financial Services stock in a transaction on Friday, August 14th. The stock was sold at an average price of $37.06, for a total transaction of $37,060.00. Following the completion of the transaction, the director directly 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 can be accessed through this hyperlink.

CB Financial Services Stock Performance

CBFV stock traded down $0.10 during trading on Monday, hitting $37.30. 1,380 shares of the company's stock traded hands, compared to its average volume of 5,312. The stock has a market capitalization of $189.56 million, a price-to-earnings ratio of 27.63 and a beta of 0.28. CB Financial Services, Inc. has a 52 week low of $30.06 and a 52 week high of $38.86. The stock has a fifty day moving average price of $37.01 and a two-hundred day moving average price of $35.79. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.21.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The bank reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.09. CB Financial Services had a net margin of 8.52% and a return on equity of 10.08%. The company had revenue of $15.53 million for the quarter, compared to the consensus estimate of $15.40 million. As a group, equities analysts anticipate that CB Financial Services, Inc. will post 3.21 EPS for the current fiscal year.

CB Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, August 14th. This represents a $1.12 annualized dividend and a yield of 3.0%. CB Financial Services's dividend payout ratio is 82.96%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CBFV. Hazlett Burt & Watson Inc. bought a new position in CB Financial Services in the 4th quarter worth about $33,000. BNP Paribas Financial Markets raised its holdings in shares of CB Financial Services by 89.7% during the third quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank's stock valued at $45,000 after buying an additional 635 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of CB Financial Services by 902.9% during the second quarter. JPMorgan Chase & Co. now owns 2,457 shares of the bank's stock valued at $70,000 after buying an additional 2,212 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of CB Financial Services during the second quarter worth approximately $73,000. Finally, Raymond James Financial Inc. acquired a new position in shares of CB Financial Services during the second quarter worth approximately $99,000. 33.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CBFV has been the subject of a number of research reports. Zacks Research upgraded CB Financial Services from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of CB Financial Services in a research report on Wednesday, June 24th. Keefe, Bruyette & Woods raised their price target on CB Financial Services from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Finally, DA Davidson boosted their price objective on 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat, CB Financial Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.

About CB Financial Services

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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