Insider Selling: CB Financial Services, Inc. (NASDAQ:CBFV) Director Sells 2,500 Shares of Stock

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) Director John Swiatek sold 2,500 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $29.02, for a total value of $72,550.00. Following the transaction, the director now directly owns 11,494 shares of the company's stock, valued at approximately $333,555.88. This represents a 17.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

CB Financial Services Stock Up 1.3 %

CB Financial Services stock traded up $0.38 during mid-day trading on Friday, hitting $29.46. The company had a trading volume of 31,788 shares, compared to its average volume of 8,526. 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 1 year low of $20.75 and a 1 year high of $33.72. The business has a fifty day moving average of $28.13 and a 200 day moving average of $29.05. The stock has a market cap of $150.30 million, a price-to-earnings ratio of 12.33 and a beta of 0.33.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last announced its quarterly 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 analyst estimates of $12.69 million. On average, sell-side analysts expect that CB Financial Services, Inc. will post 1.82 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.39%. CB Financial Services's dividend payout ratio (DPR) is presently 52.08%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Waldron Private Wealth LLC grew its position in shares of CB Financial Services by 100.0% during the fourth quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank's stock worth $3,447,000 after acquiring an additional 60,306 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in CB Financial Services during the 3rd quarter worth $941,000. M3F Inc. acquired a new position in CB Financial Services in the fourth quarter valued at $916,000. 683 Capital Management LLC purchased a new stake in shares of CB Financial Services in the fourth quarter valued at about $344,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of CB Financial Services during the fourth quarter worth about $323,000. Institutional investors and hedge funds own 33.06% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CB Financial Services from a "sell" rating to a "hold" rating in a research 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.