CB Financial Services, Inc. (NASDAQ:CBFV) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in CB Financial Services, Inc. (NASDAQ:CBFV) by 0.6% in the third quarter, Holdings Channel reports. The firm owned 166,602 shares of the bank’s stock after selling 931 shares during the period. The Manufacturers Life Insurance Company’s holdings in CB Financial Services were worth $4,658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CBFV. Janney Montgomery Scott LLC lifted its stake in shares of 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 buying an additional 8,143 shares during the period. Empowered Funds LLC increased its position 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 valued at $911,000 after acquiring an additional 1,608 shares during the period. Commonwealth Equity Services LLC purchased a new position in CB Financial Services in the 2nd quarter worth $393,000. Finally, Acadian Asset Management LLC lifted its position in CB Financial Services by 115.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after acquiring an additional 1,119 shares during the period. 33.06% of the stock is currently owned by hedge funds and other institutional investors.

CB Financial Services Price Performance

NASDAQ:CBFV opened at $33.70 on Friday. The firm’s fifty day moving average is $29.17 and its two-hundred day moving average is $26.00. The firm has a market cap of $172.54 million, a price-to-earnings ratio of 7.57 and a beta of 0.58. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. CB Financial Services, Inc. has a one year low of $20.75 and a one year high of $33.72.

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

CB Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.25 per share. 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 2.97%. CB Financial Services’s payout ratio is 22.47%.

Analyst Ratings Changes

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

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.