Fiduciary Trust Co Takes Position in CB Financial Services, Inc. (NASDAQ:CBFV)

Fiduciary Trust Co acquired a new stake in shares of CB Financial Services, Inc. (NASDAQ:CBFV - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,323 shares of the bank's stock, valued at approximately $266,000. Fiduciary Trust Co owned approximately 0.18% of CB Financial Services at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CBFV. Waldron Private Wealth LLC grew its holdings in shares of CB Financial Services by 100.0% in the fourth quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank's stock valued at $3,447,000 after acquiring an additional 60,306 shares in the last quarter. Empowered Funds LLC boosted its position in CB Financial Services by 1.8% in the fourth quarter. Empowered Funds LLC now owns 33,172 shares of the bank's stock worth $948,000 after purchasing an additional 600 shares during the last quarter. M3F Inc. bought a new position in CB Financial Services in the 4th quarter valued at $916,000. Dimensional Fund Advisors LP increased its position in shares of CB Financial Services by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,822 shares of the bank's stock valued at $509,000 after purchasing an additional 967 shares during the last quarter. Finally, 683 Capital Management LLC purchased a new stake in shares of CB Financial Services during the 4th quarter valued at $344,000. 33.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CB Financial Services

In related news, Director John Swiatek sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $29.50, for a total transaction of $73,750.00. Following the sale, the director now directly owns 11,494 shares in the company, valued at approximately $339,073. This represents a 17.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of CB Financial Services from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th.

CB Financial Services Stock Performance

Shares of CBFV stock traded down $0.29 during trading hours on Friday, hitting $29.43. 11,616 shares of the company were exchanged, compared to its average volume of 8,751. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $150.15 million, a price-to-earnings ratio of 12.31 and a beta of 0.33. The firm has a fifty day simple moving average of $28.40 and a 200 day simple moving average of $29.11. CB Financial Services, Inc. has a 52-week low of $20.75 and a 52-week high of $33.72.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The bank reported $0.50 earnings per share (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 the consensus estimate of $12.69 million. CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. Research analysts predict that CB Financial Services, Inc. will post 1.82 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.40%. CB Financial Services's dividend payout ratio is presently 52.08%.

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.