John Swiatek Sells 2,500 Shares of CB Financial Services, Inc. (NASDAQ:CBFV) Stock

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) Director John Swiatek sold 2,500 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $29.02, for a total transaction of $72,550.00. Following the completion of the sale, the director now directly owns 11,494 shares in the company, valued at approximately $333,555.88. The trade was a 17.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

CB Financial Services Price Performance

Shares of NASDAQ:CBFV traded up $0.52 during trading on Thursday, reaching $29.20. 38,605 shares of the company's stock traded hands, compared to its average volume of 8,355. The firm has a market cap of $148.98 million, a PE ratio of 12.22 and a beta of 0.36. CB Financial Services, Inc. has a fifty-two week low of $20.75 and a fifty-two week high of $33.72. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $28.08 and a 200-day simple moving average of $29.03.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.07. The firm had revenue of $12.10 million for the quarter, compared to analyst estimates of $12.69 million. CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Friday, May 16th. CB Financial Services's dividend payout ratio is presently 52.08%.

Hedge Funds Weigh In On CB Financial Services

A number of hedge funds have recently made changes to their positions in the company. ORG Partners LLC purchased a new position in CB Financial Services in the 1st quarter valued at $211,000. Millennium Management LLC purchased a new stake in CB Financial Services during the 4th quarter valued at about $301,000. Fiduciary Trust Co purchased a new position in CB Financial Services in the 4th quarter worth approximately $266,000. Bank of America Corp DE boosted its holdings in shares of CB Financial Services by 1,093.4% during the 4th quarter. Bank of America Corp DE now owns 3,807 shares of the bank's stock worth $109,000 after purchasing an additional 3,488 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in shares of CB Financial Services in the fourth quarter valued at approximately $323,000. Institutional investors and hedge funds own 33.06% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised CB Financial Services from a "sell" rating to a "hold" rating in a report on Wednesday.

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.