CB Financial Services, Inc. (NASDAQ:CBFV) Director John Swiatek Acquires 1,200 Shares

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) Director John Swiatek purchased 1,200 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were acquired at an average price 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 in the company, valued at approximately $216,979.20. This trade represents a 18.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

John Swiatek also recently made the following trade(s):

• On Tuesday, May 13th, John Swiatek sold 2,500 shares of CB Financial Services stock. The shares were sold at an average price of $29.50, for a total value of $73,750.00.
• On Friday, April 25th, John Swiatek sold 2,500 shares of CB Financial Services stock. The shares were sold at an average price of $29.02, for a total value of $72,550.00.

CB Financial Services Stock Up 0.4%

CBFV stock traded up $0.11 during mid-day trading on Friday, reaching $29.35. 8,919 shares of the company traded hands, compared to its average volume of 9,184. The stock has a market cap of $147.43 million, a price-to-earnings ratio of 12.28 and a beta of 0.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services, Inc. has a fifty-two week low of $20.75 and a fifty-two week high of $33.72. The firm's 50 day moving average price is $28.68 and its 200 day moving average price is $29.14.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The bank reported $0.50 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $12.10 million for the quarter, compared to analysts' expectations of $12.69 million. As a group, equities research analysts predict that CB Financial Services, Inc. will post 1.82 EPS for the current fiscal year.

CB Financial Services Dividend Announcement

The company also recently announced 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 was Friday, May 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.41%. CB Financial Services's dividend payout ratio is currently 52.08%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On CB Financial Services

Several hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC lifted its position in shares of CB Financial Services by 30.3% during the 1st quarter. Acadian Asset Management LLC now owns 4,158 shares of the bank's stock worth $115,000 after buying an additional 966 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of CB Financial Services in the 1st quarter worth approximately $537,000. Empowered Funds LLC raised its holdings in shares of CB Financial Services by 2.5% in the 1st quarter. Empowered Funds LLC now owns 34,000 shares of the bank's stock worth $967,000 after purchasing an additional 828 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of CB Financial Services by 108.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,538 shares of the bank's stock worth $641,000 after purchasing an additional 11,704 shares during the period. Finally, M3F Inc. raised its holdings in shares of CB Financial Services by 204.3% in the 1st quarter. M3F Inc. now owns 97,549 shares of the bank's stock worth $2,775,000 after purchasing an additional 65,494 shares during the period. Institutional investors own 33.06% 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.