CB Financial Services, Inc. (NASDAQ:CBFV) Director Sells $23,852.00 in Stock

11 Dec 2024, 13:12 by Doug Wharley · The Cerbat Gem

CB Financial Services, Inc. (NASDAQ:CBFV – Get Free Report) Director John J. Lacarte sold 712 shares of CB Financial Services stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $33.50, for a total transaction of $23,852.00. Following the sale, the director now directly owns 39,803 shares in the company, valued at $1,333,400.50. The trade was a 1.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

CB Financial Services Stock Down 1.8 %

CB Financial Services stock traded down $0.59 during trading hours on Wednesday, hitting $31.64. The stock had a trading volume of 2,355 shares, compared to its average volume of 4,357. 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 stock has a market capitalization of $162.00 million, a P/E ratio of 7.24 and a beta of 0.58. CB Financial Services, Inc. has a 12-month low of $20.75 and a 12-month high of $33.72. The stock’s 50-day moving average price is $29.38 and its 200-day moving average price is $26.19.

CB Financial Services (NASDAQ:CBFV – Get Free Report) last issued its earnings results on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. The business had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $12.60 million. Equities research analysts anticipate that CB Financial Services, Inc. will post 2.18 EPS for the current fiscal year.

CB Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.16%. CB Financial Services’s dividend payout ratio is presently 22.47%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CBFV. StockNews.com began coverage on shares of CB Financial Services in a research note on Monday, December 2nd. They set a “hold” rating on the stock. DA Davidson lifted their price target on shares of CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th.

Get Our Latest Analysis on CB Financial Services

Institutional Trading of CB Financial Services

A number of large investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC bought a new stake in CB Financial Services during the second quarter valued at approximately $393,000. Janney Montgomery Scott LLC boosted its position in shares of CB Financial Services by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock worth $10,204,000 after purchasing an additional 8,143 shares during the period. Empowered Funds LLC boosted its position in shares of CB Financial Services by 5.2% in the third quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after purchasing an additional 1,608 shares during the period. Acadian Asset Management LLC boosted its position in shares of CB Financial Services by 115.4% in the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after purchasing an additional 1,119 shares during the period. Finally, Fourthstone LLC bought a new position in shares of CB Financial Services in the third quarter worth approximately $373,000. 33.06% of the stock is currently owned by institutional investors.

About CB Financial Services

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