Fourthstone LLC Purchases New Shares in CB Financial Services, Inc. (NASDAQ:CBFV)

Fourthstone LLC purchased a new position in CB Financial Services, Inc. (NASDAQ:CBFV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,329 shares of the bank’s stock, valued at approximately $373,000.

A number of other large investors have also recently made changes to their positions in CBFV. Acadian Asset Management LLC increased its stake in CB Financial Services by 115.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after buying an additional 1,119 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of CB Financial Services during the second quarter valued at approximately $393,000. De Lisle Partners LLP grew its stake in CB Financial Services by 9.1% in the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after purchasing an additional 2,429 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of CB Financial Services by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after buying an additional 1,608 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in CB Financial Services by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock worth $10,204,000 after acquiring an additional 8,143 shares in the last quarter. 33.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. DA Davidson upped their price objective on CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com assumed coverage on shares of CB Financial Services in a research report on Sunday. They set a “hold” rating for the company.

CB Financial Services Stock Up 2.1 %

Shares of CBFV traded up $0.66 during mid-day trading on Thursday, hitting $31.56. 5,143 shares of the company traded hands, compared to its average volume of 4,260. The company has a market capitalization of $161.59 million, a PE ratio of 7.09 and a beta of 0.56. 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 business has a 50 day moving average of $28.70 and a 200 day moving average of $25.61. CB Financial Services, Inc. has a 1-year low of $20.75 and a 1-year high of $31.79.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings results on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $12.60 million. Equities research analysts anticipate that CB Financial Services, Inc. will post 2.18 EPS for the current year.

CB Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.17%. CB Financial Services’s dividend payout ratio is currently 22.47%.

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.