CB Financial Services, Inc. (NASDAQ:CBFV – Get Rating) Director Roberta Robinson Olejasz bought 1,000 shares of the stock in a transaction on Friday, August 19th. The stock was purchased at an average cost of $22.24 per share, for a total transaction of $22,240.00. Following the acquisition, the director now owns 9,500 shares of the company's stock, valued at approximately $211,280. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
CB Financial Services Stock Performance
Shares of CBFV opened at $21.79 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $22.56 and a two-hundred day simple moving average of $23.30. The stock has a market cap of $111.35 million, a price-to-earnings ratio of 9.56 and a beta of 0.62. CB Financial Services, Inc. has a 52 week low of $20.49 and a 52 week high of $26.80.
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CB Financial Services (NASDAQ:CBFV – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The bank reported $0.05 EPS for the quarter. The business had revenue of $12.27 million during the quarter. CB Financial Services had a return on equity of 6.51% and a net margin of 20.56%. On average, analysts expect that CB Financial Services, Inc. will post 1.86 EPS for the current year.
CB Financial Services Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Friday, August 19th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Thursday, August 18th. CB Financial Services's dividend payout ratio is currently 42.11%.
Institutional Trading of CB Financial Services
Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of CB Financial Services by 0.3% during the first quarter. Vanguard Group Inc. now owns 185,433 shares of the bank's stock worth $4,451,000 after purchasing an additional 495 shares in the last quarter. Petiole USA ltd bought a new position in CB Financial Services during the fourth quarter valued at approximately $4,310,000. The Manufacturers Life Insurance Company boosted its stake in CB Financial Services by 1.8% during the first quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank's stock valued at $3,700,000 after buying an additional 2,742 shares during the last quarter. American Century Companies Inc. boosted its stake in CB Financial Services by 28.7% during the first quarter. American Century Companies Inc. now owns 15,928 shares of the bank's stock valued at $375,000 after buying an additional 3,552 shares during the last quarter. Finally, UMB Bank N A MO bought a new position in CB Financial Services during the fourth quarter valued at approximately $298,000. Hedge funds and other institutional investors own 30.65% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. TheStreet downgraded CB Financial Services from a "b" rating to a "c+" rating in a report on Tuesday, May 24th. DA Davidson reissued a "neutral" rating on shares of CB Financial Services in a report on Wednesday, July 27th. Finally, StockNews.com assumed coverage on CB Financial Services in a report on Thursday. They issued a "hold" rating on the stock.
CB Financial Services Company Profile
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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.
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