Wilmington Savings Fund Society FSB Acquires Shares of 33,642 CB Financial Services, Inc. (NASDAQ:CBFV)

Wilmington Savings Fund Society FSB purchased a new stake in CB Financial Services, Inc. (NASDAQ:CBFV - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 33,642 shares of the bank's stock, valued at approximately $941,000. Wilmington Savings Fund Society FSB owned approximately 0.66% of CB Financial Services as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Acadian Asset Management LLC boosted its position in shares of CB Financial Services by 115.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank's stock valued at $46,000 after acquiring an additional 1,119 shares during the last quarter. Barclays PLC grew its position in shares of CB Financial Services by 12.7% during the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank's stock worth $234,000 after buying an additional 943 shares in the last quarter. Fourthstone LLC bought a new position in shares of CB Financial Services during the 3rd quarter worth $373,000. Commonwealth Equity Services LLC bought a new position in shares of CB Financial Services during the 2nd quarter worth $393,000. Finally, De Lisle Partners LLP boosted its position in CB Financial Services by 9.1% during the third 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. Institutional investors own 33.06% of the company's stock.

Insider Activity

In related news, Vice Chairman Charles R. Guthrie sold 3,415 shares of CB Financial Services stock in a transaction on Friday, December 6th. The stock was sold at an average price of $32.63, for a total transaction of $111,431.45. Following the completion of the transaction, the insider now directly owns 15,194 shares of the company's stock, valued at approximately $495,780.22. The trade was a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold 4,165 shares of company stock valued at $136,548 in the last three months. 9.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on CBFV shares. StockNews.com started coverage on CB Financial Services in a report on Monday, December 2nd. They issued a "hold" rating for the company. DA Davidson boosted their price objective on CB Financial Services from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th.

CB Financial Services Stock Performance

NASDAQ CBFV remained flat at $31.72 on Friday. The company's stock had a trading volume of 884 shares, compared to its average volume of 6,576. The firm has a fifty day simple moving average of $29.67 and a two-hundred day simple moving average of $26.42. The company has a market cap of $162.41 million, a PE ratio of 7.13 and a beta of 0.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick 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 - Get Free Report) last posted its earnings results on Friday, October 25th. The bank reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. The company 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%. Equities research analysts forecast that CB Financial Services, Inc. will post 2.18 earnings per share for the current year.

CB Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.15%. CB Financial Services's dividend payout ratio (DPR) is currently 22.47%.

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.