Ameriprise Financial Inc. Makes New $323,000 Investment in CB Financial Services, Inc. (NASDAQ:CBFV)

Ameriprise Financial Inc. purchased a new position in shares of CB Financial Services, Inc. (NASDAQ:CBFV - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,291 shares of the bank's stock, valued at approximately $323,000. Ameriprise Financial Inc. owned approximately 0.22% of CB Financial Services at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CBFV. M3F Inc. acquired a new position in CB Financial Services during the 4th quarter valued at approximately $916,000. 683 Capital Management LLC acquired a new position in CB Financial Services during the 4th quarter valued at approximately $344,000. Dimensional Fund Advisors LP increased its stake in shares of 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 during the period. Finally, Empowered Funds LLC increased its stake in shares of 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 acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 33.06% of the company's stock.

CB Financial Services Stock Performance

CBFV stock traded down $0.28 during midday trading on Monday, hitting $28.35. 13,509 shares of the stock traded hands, compared to its average volume of 9,411. The firm has a market cap of $142.40 million, a P/E ratio of 11.86 and a beta of 0.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. The stock's fifty day simple moving average is $28.66 and its 200-day simple moving average is $29.11. CB Financial Services, Inc. has a 1-year low of $20.75 and a 1-year high of $33.72.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.07. The business had revenue of $12.10 million for the quarter, compared to the consensus estimate of $12.69 million. CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. On average, analysts expect that CB Financial Services, Inc. will post 1.82 earnings per share for the current year.

CB Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Friday, May 16th. CB Financial Services's payout ratio is 52.08%.

Wall Street Analysts Forecast Growth

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.

Insider Buying and Selling at CB Financial Services

In other CB Financial Services 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 transaction of $73,750.00. Following the transaction, the director now directly owns 11,494 shares of the company's stock, valued at $339,073. This trade represents a 17.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.70% 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.