Salzhauer Michael Trims Holdings in CB Financial Services, Inc. (NASDAQ:CBFV)

Salzhauer Michael lowered its holdings in CB Financial Services, Inc. (NASDAQ:CBFV - Free Report) by 43.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,203 shares of the bank's stock after selling 15,000 shares during the period. Salzhauer Michael owned approximately 0.38% of CB Financial Services worth $546,000 at the end of the most recent reporting period.

A number of 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 worth approximately $916,000. 683 Capital Management LLC acquired a new stake in shares of CB Financial Services in the 4th quarter valued at $344,000. Ameriprise Financial Inc. acquired a new stake in shares of CB Financial Services in the 4th quarter valued at $323,000. Millennium Management LLC acquired a new stake in shares of CB Financial Services in the 4th quarter valued at $301,000. Finally, Fiduciary Trust Co acquired a new stake in shares of CB Financial Services in the 4th quarter valued at $266,000. Institutional investors and hedge funds own 33.06% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of CB Financial Services from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th.

CB Financial Services Stock Up 1.3%

Shares of CBFV traded up $0.35 during midday trading on Friday, reaching $28.03. The stock had a trading volume of 568,069 shares, compared to its average volume of 12,278. CB Financial Services, Inc. has a 1-year low of $20.99 and a 1-year high of $33.72. The company's fifty day simple moving average is $28.81 and its two-hundred day simple moving average is $28.76. The company has a market cap of $140.71 million, a price-to-earnings ratio of 14.60 and a beta of 0.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.88.

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 for the quarter, beating analysts' consensus estimates of $0.43 by $0.07. The business had revenue of $12.10 million for the quarter, compared to analyst estimates of $12.69 million. CB Financial Services had a net margin of 12.83% and a return on equity of 7.00%. Equities research analysts expect that CB Financial Services, Inc. will post 1.82 earnings per share for the current year.

CB Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.25 per share. The ex-dividend date was Friday, May 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.57%. CB Financial Services's dividend payout ratio is presently 52.08%.

Insider Transactions at CB Financial Services

In related news, Director John Swiatek acquired 1,200 shares of CB Financial Services stock in a transaction dated Wednesday, May 28th. The stock was acquired at an average price of $28.80 per share, for a total transaction of $34,560.00. Following the transaction, the director now owns 7,534 shares of the company's stock, valued at $216,979.20. This represents a 18.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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.