De Lisle Partners LLP Buys New Shares in CB Financial Services, Inc. $CBFV

Key Points

• Institutional interest increased: De Lisle Partners bought 33,674 CBFV shares worth approximately $1.27 million, while BlackRock and several other institutions also initiated positions. Institutional investors and hedge funds now own 33.06% of the stock.
• Quarterly results exceeded expectations: CB Financial Services reported earnings of $0.81 per share versus the $0.72 consensus estimate, with revenue of $15.53 million and a 10.08% return on equity.
• Dividend and analyst outlook remain favorable: The company declared a quarterly dividend of $0.28 per share, representing a 3.0% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $42.50, above the $37.60 share price.

De Lisle Partners LLP bought a new position in shares of CB Financial Services, Inc. (NASDAQ:CBFV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,674 shares of the bank's stock, valued at approximately $1,268,000. De Lisle Partners LLP owned approximately 0.66% of CB Financial Services as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CBFV. BlackRock Inc. bought a new stake in CB Financial Services in the second quarter valued at $10,625,000. Deutsche Bank AG bought a new position in shares of CB Financial Services during the 2nd quarter worth about $173,000. HBK Sorce Advisory LLC bought a new position in shares of CB Financial Services during the 2nd quarter worth about $393,000. Bank of New York Mellon Corp acquired a new stake in shares of CB Financial Services in the 2nd quarter valued at about $407,000. Finally, M3F Inc. grew its stake in shares of CB Financial Services by 4.5% in the 1st quarter. M3F Inc. now owns 171,439 shares of the bank's stock valued at $5,860,000 after buying an additional 7,425 shares during the period. 33.06% of the stock is currently owned by institutional investors and hedge funds.

CB Financial Services Stock Down 0.1%

Shares of NASDAQ CBFV opened at $37.60 on Friday. The stock has a market capitalization of $191.01 million, a P/E ratio of 27.85 and a beta of 0.28. The company has a 50-day moving average price of $37.14 and a 200-day moving average price of $35.87. CB Financial Services, Inc. has a 1 year low of $30.06 and a 1 year 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.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last posted its earnings results on Monday, July 27th. The bank reported $0.81 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $15.40 million. On average, equities research analysts forecast that CB Financial Services, Inc. will post 3.21 EPS for the current fiscal year.

CB Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders 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 dividend on an annualized basis and a yield of 3.0%. CB Financial Services's payout ratio is 82.96%.

Insider Buying and Selling

In other news, insider Stephen Cobain sold 1,500 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $37.10, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Swiatek sold 1,000 shares of CB Financial Services stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $37.06, for a total value of $37,060.00. Following the transaction, the director directly owned 12,644 shares in the company, valued at approximately $468,586.64. The trade was a 7.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 10.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. DA Davidson upped their price target on CB Financial Services from $40.00 to $44.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Zacks Research raised CB Financial Services from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods boosted their price objective on CB Financial Services from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, August 10th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of CB Financial Services in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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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