Millennium Management LLC acquired a new position in CB Financial Services, Inc. (NASDAQ:CBFV - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,532 shares of the bank's stock, valued at approximately $301,000. Millennium Management LLC owned about 0.21% of CB Financial Services at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Empowered Funds LLC raised its stake in CB Financial Services by 1.8% during the 4th quarter. Empowered Funds LLC now owns 33,172 shares of the bank's stock valued at $948,000 after purchasing an additional 600 shares during the last quarter. M3F Inc. acquired a new position in CB Financial Services during the 4th quarter valued at $916,000. Dimensional Fund Advisors LP raised its stake in 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. 683 Capital Management LLC acquired a new position in CB Financial Services during the 4th quarter valued at $344,000. Finally, Ameriprise Financial Inc. acquired a new position in CB Financial Services during the 4th quarter valued at $323,000. 33.06% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, Director John Swiatek sold 2,500 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $29.50, for a total value of $73,750.00. Following the completion of the transaction, the director now 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 the SEC website. Corporate insiders own 9.70% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of CB Financial Services from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th.
Check Out Our Latest Analysis on CB Financial Services
CB Financial Services Stock Performance
NASDAQ:CBFV traded up $0.13 during trading hours on Thursday, hitting $28.68. 6,740 shares of the company traded hands, compared to its average volume of 9,489. The stock has a market capitalization of $144.06 million, a price-to-earnings ratio of 12.00 and a beta of 0.29. CB Financial Services, Inc. has a twelve month low of $20.75 and a twelve month high of $33.72. The firm has a 50-day moving average of $28.72 and a 200 day moving average of $29.10. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.07. CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. The company had revenue of $12.10 million during the quarter, compared to analysts' expectations of $12.69 million. On average, analysts forecast that CB Financial Services, Inc. will post 1.82 EPS for the current year.
CB Financial Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Friday, May 16th. CB Financial Services's dividend payout ratio is 52.08%.
About CB Financial Services
(
Free Report)
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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