CB Financial Services (NASDAQ:CBFV) Stock: Insider Jennifer George Sells 2,110 Shares

Key Points

• COO Jennifer George sold 2,110 shares at an average price of $40.39, worth about $85,223. After the sale, she directly owned 13,140 shares, a 13.84% reduction in her position.
• CB Financial Services reported quarterly EPS of $0.91, beating analyst expectations of $0.81, while revenue of $16.02 million came in below estimates of $16.25 million.
• The company declared a quarterly dividend of $0.28 per share, equivalent to $1.12 annually and a 2.7% yield. Analysts’ consensus rating was “Moderate Buy,” with a $42.50 price target.

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) COO Jennifer George sold 2,110 shares of CB Financial Services stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $40.39, for a total value of $85,222.90. Following the sale, the chief operating officer directly owned 13,140 shares of the company's stock, valued at $530,724.60. This trade represents a 13.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CB Financial Services Stock Performance

NASDAQ CBFV traded up $0.79 during trading hours on Wednesday, reaching $41.20. The stock had a trading volume of 16,850 shares, compared to its average volume of 5,420. CB Financial Services, Inc. has a 52-week low of $31.72 and a 52-week high of $41.31. The stock has a fifty day moving average of $37.75 and a 200 day moving average of $36.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $209.30 million, a P/E ratio of 12.08 and a beta of 0.28.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The bank reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.10. The company had revenue of $16.02 million during the quarter, compared to analyst estimates of $16.25 million. CB Financial Services had a net margin of 21.00% and a return on equity of 10.56%. Sell-side analysts predict that CB Financial Services, Inc. will post 3.25 earnings per share for the current year.

CB Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, November 13th. CB Financial Services's dividend payout ratio is presently 32.84%.

Institutional Investors Weigh In On CB Financial Services

A number of institutional investors have recently modified their holdings of CBFV. Empowered Funds LLC acquired a new position in CB Financial Services in the 2nd quarter worth about $1,358,000. Bank of America Corp DE purchased a new position in CB Financial Services during the second quarter worth approximately $212,000. The Manufacturers Life Insurance Company purchased a new position in CB Financial Services during the second quarter worth approximately $5,843,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in CB Financial Services in the second quarter valued at approximately $351,000. Finally, De Lisle Partners LLP acquired a new stake in CB Financial Services in the second quarter valued at approximately $1,268,000. 33.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CBFV. 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. Weiss Ratings reiterated a "hold (c)" rating on shares of CB Financial Services in a research report on Monday, September 21st. Finally, DA Davidson reiterated a "buy" rating and set a $44.00 price target on shares of CB Financial Services in a research report on Tuesday, October 27th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.50.

CB Financial Services Company Profile

CB Financial Services, Inc is a bank holding company headquartered in Carmichaels, Pennsylvania. Its principal subsidiary, Community Bank, provides personal and business banking services to individuals, families, farms, and companies in the communities it serves.

Community Bank offers a range of deposit products, including checking, savings, money market, and time deposit accounts. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, business loans, agricultural loans, and consumer credit.

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