CB Financial Services (NASDAQ:CBFV) Insider Sells 1,500 Shares of Stock

Key Points

• Insider Stephen Cobain sold 1,500 CB Financial Services shares at an average price of $37.10, receiving $55,650 and reducing his position by 25.8%.
• CB Financial Services reported quarterly EPS of $0.81, beating estimates of $0.72, while revenue of $15.53 million also exceeded expectations. The company announced a quarterly dividend of $0.28 per share, representing a 3.0% annualized yield.
• Analyst sentiment remains moderately positive, with a consensus rating of “Moderate Buy” and a $42.50 target price versus the stock’s recent price near $37.30.

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) insider Stephen Cobain sold 1,500 shares of the business's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $37.10, for a total transaction of $55,650.00. Following the transaction, the insider owned 4,313 shares in the company, valued at $160,012.30. This trade represents a 25.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CB Financial Services Trading Down 0.3%

Shares of CB Financial Services stock traded down $0.10 during trading on Monday, hitting $37.30. The stock had a trading volume of 1,380 shares, compared to its average volume of 5,312. CB Financial Services, Inc. has a 12 month low of $30.06 and a 12 month high of $38.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.85. The firm's fifty day simple moving average is $37.01 and its 200-day simple moving average is $35.79. The stock has a market cap of $189.56 million, a PE ratio of 27.63 and a beta of 0.28.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The bank reported $0.81 EPS for the quarter, beating the consensus estimate 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, sell-side analysts expect that CB Financial Services, Inc. will post 3.21 EPS for the current fiscal year.

CB Financial Services Announces Dividend

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

Institutional Trading of CB Financial Services

Large investors have recently modified their holdings of the company. Bank of America Corp DE purchased a new position in CB Financial Services during the 2nd quarter worth $212,000. The Manufacturers Life Insurance Company bought a new stake in CB Financial Services during the 2nd quarter valued at $5,843,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of CB Financial Services in the 2nd quarter worth $351,000. De Lisle Partners LLP purchased a new stake in shares of CB Financial Services in the 2nd quarter worth $1,268,000. Finally, BlackRock Inc. bought a new position in shares of CB Financial Services during the 2nd quarter worth $10,625,000. Hedge funds and other institutional investors own 33.06% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CBFV shares. 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 research note on Monday, August 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of CB Financial Services in a research report on Wednesday, June 24th. Zacks Research raised shares of CB Financial Services from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th. Finally, DA Davidson upped their price target on shares of CB Financial Services from $40.00 to $44.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, CB Financial Services has an average 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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