Barclays PLC Has $234,000 Position in CB Financial Services, Inc. (NASDAQ:CBFV)

Barclays PLC lifted its position in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 12.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,373 shares of the bank’s stock after buying an additional 943 shares during the period. Barclays PLC owned about 0.16% of CB Financial Services worth $234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in CB Financial Services by 9.7% during the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock worth $1,352,000 after acquiring an additional 4,295 shares in the last quarter. Fourthstone LLC bought a new stake in CB Financial Services during the third quarter worth about $373,000. De Lisle Partners LLP raised its holdings in CB Financial Services by 9.1% during the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after acquiring an additional 2,429 shares in the last quarter. Empowered Funds LLC raised its holdings in CB Financial Services by 5.2% during the third quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after acquiring an additional 1,608 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in CB Financial Services by 2.3% during the third 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 institutional investors and hedge funds.

CB Financial Services Price Performance

Shares of NASDAQ CBFV opened at $28.22 on Wednesday. The firm has a market cap of $144.49 million, a P/E ratio of 6.34 and a beta of 0.60. The company has a current ratio of 0.87, a quick 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’s 50 day moving average is $29.75 and its 200-day moving average is $27.57.

CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Friday, October 25th. The bank reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. The company had revenue of $21.01 million for the quarter, compared to analyst estimates of $12.60 million. Equities research analysts predict that CB Financial Services, Inc. will post 2.18 earnings per share for the current year.

CB Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.54%. CB Financial Services’s dividend payout ratio (DPR) is presently 22.47%.

Insiders Place Their Bets

In other news, Vice Chairman Charles R. Guthrie sold 3,415 shares of CB Financial Services stock in a transaction on Friday, December 6th. The stock was sold at an average price of $32.63, for a total value of $111,431.45. Following the transaction, the insider now owns 15,194 shares in the company, valued at approximately $495,780.22. This trade represents a 18.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Mark E. Fox sold 3,538 shares of CB Financial Services stock in a transaction on Monday, December 16th. The shares were sold at an average price of $31.50, for a total value of $111,447.00. Following the completion of the transaction, the chairman now owns 11,414 shares in the company, valued at approximately $359,541. The trade was a 23.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,703 shares of company stock worth $247,995 in the last 90 days. Company insiders own 9.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CBFV shares. StockNews.com started coverage on CB Financial Services in a report on Thursday, December 26th. They set a “hold” rating on the stock. DA Davidson upped their price objective on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th.

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.