Acadian Asset Management LLC Buys 1,119 Shares of CB Financial Services, Inc. (NASDAQ:CBFV)

Acadian Asset Management LLC raised its stake in CB Financial Services, Inc. (NASDAQ:CBFV) by 115.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,089 shares of the bank’s stock after buying an additional 1,119 shares during the period. Acadian Asset Management LLC’s holdings in CB Financial Services were worth $46,000 at the end of the most recent quarter.

Separately, Commonwealth Equity Services LLC bought a new stake in CB Financial Services during the 2nd quarter worth $393,000. 33.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on CBFV. StockNews.com started coverage on CB Financial Services in a research report on Saturday. They issued a “hold” rating for the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $25.00 price objective (up previously from $24.00) on shares of CB Financial Services in a report on Monday, July 29th.

CB Financial Services Stock Up 5.4 %

Shares of NASDAQ:CBFV opened at $29.39 on Friday. The firm has a market cap of $151.12 million, a P/E ratio of 6.68 and a beta of 0.57. CB Financial Services, Inc. has a 12-month low of $20.52 and a 12-month high of $29.39. The business has a fifty day simple moving average of $25.45 and a 200 day simple moving average of $23.27. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The company had revenue of $19.63 million during the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. Analysts predict that CB Financial Services, Inc. will post 2.21 earnings per share for the current year.

CB Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a $0.25 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.40%. CB Financial Services’s dividend payout ratio (DPR) is currently 22.73%.

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.