Empowered Funds LLC Acquires 600 Shares of CB Financial Services, Inc. (NASDAQ:CBFV)

Empowered Funds LLC increased its holdings in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,172 shares of the bank’s stock after acquiring an additional 600 shares during the period. Empowered Funds LLC owned approximately 0.65% of CB Financial Services worth $948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBFV. Waldron Private Wealth LLC lifted its holdings in shares of CB Financial Services by 100.0% during the fourth quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank’s stock valued at $3,447,000 after purchasing an additional 60,306 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in CB Financial Services during the third quarter valued at $941,000. Barclays PLC boosted its holdings in CB Financial Services by 12.7% in the third quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after acquiring an additional 943 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of CB Financial Services by 9.7% in 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 during the last quarter. Finally, Fourthstone LLC bought a new position in shares of CB Financial Services during the third quarter valued at $373,000. Hedge funds and other institutional investors own 33.06% of the company’s stock.

Insider Buying and Selling at CB Financial Services

In other CB Financial Services news, 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 directly owns 11,414 shares of the company’s stock, valued at $359,541. This trade represents a 23.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $32.63, for a total value of $111,431.45. Following the transaction, the insider now directly owns 15,194 shares in the company, valued at approximately $495,780.22. This represents a 18.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,703 shares of company stock worth $247,995 in the last three months. 9.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CBFV shares. StockNews.com assumed coverage on shares of CB Financial Services in a research note on Thursday, December 26th. They issued a “hold” rating on the stock. DA Davidson upped their target price on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th.

CB Financial Services Stock Performance

Shares of NASDAQ CBFV opened at $30.62 on Tuesday. The firm’s 50-day moving average price is $29.44 and its 200-day moving average price is $28.45. CB Financial Services, Inc. has a 52-week low of $20.75 and a 52-week high of $33.72. The company has a market cap of $156.77 million, a PE ratio of 12.81 and a beta of 0.60. 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 (NASDAQ:CBFV) last issued its earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.12). CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. As a group, analysts anticipate that CB Financial Services, Inc. will post 1.82 EPS for the current year.

CB Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.27%. CB Financial Services’s payout ratio 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.