13,329 Shares in CB Financial Services, Inc. (NASDAQ:CBFV) Bought by Fourthstone LLC

Fourthstone LLC acquired a new position in CB Financial Services, Inc. (NASDAQ:CBFV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 13,329 shares of the bank’s stock, valued at approximately $373,000. Fourthstone LLC owned 0.26% of CB Financial Services at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC bought a new stake in CB Financial Services during the 2nd quarter valued at $393,000. Janney Montgomery Scott LLC increased 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 valued at $10,204,000 after purchasing an additional 8,143 shares during the period. De Lisle Partners LLP raised its position in CB Financial Services by 9.1% during the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock valued at $823,000 after purchasing an additional 2,429 shares during the last quarter. Empowered Funds LLC lifted its holdings in 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, Acadian Asset Management LLC grew its position in shares of 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 last quarter. Institutional investors own 33.06% of the company’s stock.

CB Financial Services Stock Up 2.1 %

Shares of CBFV traded up $0.66 on Thursday, hitting $31.56. 5,143 shares of the stock 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 debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. The business has a 50 day simple moving average of $28.70 and a 200 day simple moving average of $25.61. CB Financial Services, Inc. has a one year low of $20.75 and a one year high of $31.79.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly 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 company had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. As a group, equities analysts forecast that CB Financial Services, Inc. will post 2.18 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.25 dividend. 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%.

Analyst Ratings Changes

Several brokerages have commented on CBFV. StockNews.com initiated coverage on shares of CB Financial Services in a report on Sunday. They issued a “hold” rating for the company. DA Davidson raised their target price 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 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.