CB Financial Services, Inc. (NASDAQ:CBFV) Shares Purchased by Waldron Private Wealth LLC

Waldron Private Wealth LLC boosted its position in shares of CB Financial Services, Inc. (NASDAQ:CBFV - Free Report) by 100.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 120,612 shares of the bank's stock after acquiring an additional 60,306 shares during the quarter. Waldron Private Wealth LLC owned about 2.36% of CB Financial Services worth $3,447,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings 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 purchasing an additional 8,143 shares during the last quarter. Empowered Funds LLC boosted its position 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 purchasing an additional 1,608 shares in the last quarter. De Lisle Partners LLP increased its holdings in shares of 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 in the last quarter. Fourthstone LLC purchased a new stake in CB Financial Services during the third quarter worth $373,000. Finally, Barclays PLC grew its position in CB Financial Services by 12.7% during the third quarter. Barclays PLC now owns 8,373 shares of the bank's stock valued at $234,000 after buying an additional 943 shares during the period. Hedge funds and other institutional investors own 33.06% of the company's stock.

CB Financial Services Price Performance

Shares of CBFV stock traded up $1.25 on Wednesday, reaching $31.05. 2,589 shares of the company were exchanged, compared to its average volume of 6,233. The company has a market cap of $158.95 million, a price-to-earnings ratio of 12.96 and a beta of 0.60. CB Financial Services, Inc. has a 1 year low of $20.75 and a 1 year high of $33.72. The business has a 50-day moving average price of $29.69 and a 200 day moving average price of $28.07. 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 (NASDAQ:CBFV - Get Free Report) last released its earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.12). CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. Equities research analysts forecast that CB Financial Services, Inc. will post 1.89 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.22%. CB Financial Services's dividend payout ratio (DPR) is presently 41.84%.

Wall Street Analyst Weigh In

CBFV has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of CB Financial Services in a research report on Thursday, December 26th. They issued a "hold" rating for the company. DA Davidson increased their price target on CB Financial Services from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th.

Insider Transactions at CB Financial Services

In other CB Financial Services news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the business's stock in a transaction dated 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 $495,780.22. The trade was a 18.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Mark E. Fox sold 3,538 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $31.50, for a total transaction of $111,447.00. Following the sale, the chairman now owns 11,414 shares of the company's stock, valued at $359,541. This represents a 23.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,703 shares of company stock valued at $247,995 over the last 90 days. 9.40% of the stock is currently owned by corporate insiders.

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.