Salzhauer Michael Sells 15,000 Shares of CB Financial Services, Inc. (NASDAQ:CBFV)

Salzhauer Michael decreased its stake in CB Financial Services, Inc. (NASDAQ:CBFV - Free Report) by 43.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,203 shares of the bank's stock after selling 15,000 shares during the period. Salzhauer Michael owned 0.38% of CB Financial Services worth $546,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CBFV. Bank of America Corp DE grew its holdings in shares of CB Financial Services by 1,093.4% in the 4th quarter. Bank of America Corp DE now owns 3,807 shares of the bank's stock valued at $109,000 after acquiring an additional 3,488 shares in the last quarter. ORG Partners LLC bought a new position in shares of CB Financial Services in the 1st quarter valued at about $211,000. Fiduciary Trust Co acquired a new stake in CB Financial Services in the 4th quarter valued at about $266,000. Millennium Management LLC acquired a new stake in CB Financial Services in the 4th quarter valued at about $301,000. Finally, Ameriprise Financial Inc. acquired a new stake in CB Financial Services in the 4th quarter valued at about $323,000. Institutional investors own 33.06% of the company's stock.

Analysts Set New Price Targets

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.

CB Financial Services Stock Performance

CBFV stock traded up $0.35 during mid-day trading on Friday, hitting $28.03. 568,069 shares of the company were exchanged, compared to its average volume of 12,290. The business has a 50 day simple moving average of $28.79 and a 200-day simple moving average of $28.70. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $140.71 million, a PE ratio of 14.60 and a beta of 0.29. CB Financial Services, Inc. has a 1-year low of $20.99 and a 1-year high of $33.72.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.07. The firm had revenue of $12.10 million during the quarter, compared to the consensus estimate of $12.69 million. CB Financial Services had a net margin of 12.83% and a return on equity of 7.00%. On average, equities analysts forecast 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.00 annualized dividend and a yield of 3.57%. CB Financial Services's dividend payout ratio (DPR) is presently 52.08%.

Insiders Place Their Bets

In other CB Financial Services news, Director John Swiatek bought 1,200 shares of the stock in a transaction dated Wednesday, May 28th. The shares were bought at an average cost of $28.80 per share, with a total value of $34,560.00. Following the completion of the acquisition, the director now owns 7,534 shares of the company's stock, valued at $216,979.20. This trade represents a 18.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 9.40% of the company's stock.

About CB Financial Services

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.