M3F Inc. Makes New Investment in CB Financial Services, Inc. (NASDAQ:CBFV)

M3F Inc. purchased a new position in CB Financial Services, Inc. (NASDAQ:CBFV - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 32,055 shares of the bank's stock, valued at approximately $916,000. CB Financial Services makes up about 0.3% of M3F Inc.'s portfolio, making the stock its 28th biggest holding. M3F Inc. owned approximately 0.63% of CB Financial Services as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of CBFV. Empowered Funds LLC raised its holdings in CB Financial Services by 1.8% in the fourth quarter. Empowered Funds LLC now owns 33,172 shares of the bank's stock valued at $948,000 after acquiring an additional 600 shares in the last quarter. Barclays PLC increased its position in shares of CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank's stock worth $234,000 after purchasing an additional 943 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of CB Financial Services by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,822 shares of the bank's stock worth $509,000 after purchasing an additional 967 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CB Financial Services by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank's stock valued at $1,352,000 after purchasing an additional 4,295 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of CB Financial Services during the third quarter worth about $941,000. Institutional investors and hedge funds own 33.06% of the company's stock.

Analyst Upgrades and Downgrades

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

CB Financial Services Stock Performance

CBFV stock traded down $0.25 during trading on Friday, hitting $29.16. 9,426 shares of the company's stock traded hands, compared to its average volume of 7,980. The stock has a fifty day moving average price of $28.13 and a two-hundred day moving average price of $29.00. 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 52 week low of $20.75 and a 52 week high of $33.72. The stock has a market capitalization of $148.75 million, a price-to-earnings ratio of 12.10 and a beta of 0.36.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.50 earnings per share 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. As a group, equities analysts anticipate that CB Financial Services, Inc. will post 1.82 EPS for the current fiscal year.

CB Financial Services Announces Dividend

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, May 16th. CB Financial Services's dividend payout ratio (DPR) is 41.84%.

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.