Bank of Montreal Can bought a new stake in shares of CB Financial Services, Inc. (NASDAQ:CBFV – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,984 shares of the bank’s stock, valued at approximately $890,000. Bank of Montreal Can owned about 0.84% of CB Financial Services as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in CB Financial Services during the 4th quarter valued at approximately $130,000. Dimensional Fund Advisors LP acquired a new position in CB Financial Services during the 3rd quarter valued at approximately $233,000. State Street Corp increased its stake in CB Financial Services by 10.2% during the 2nd quarter. State Street Corp now owns 11,641 shares of the bank’s stock valued at $266,000 after purchasing an additional 1,080 shares in the last quarter. Stifel Financial Corp increased its stake in CB Financial Services by 5.1% during the 1st quarter. Stifel Financial Corp now owns 15,790 shares of the bank’s stock valued at $343,000 after purchasing an additional 763 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in CB Financial Services by 28.7% during the 1st quarter. American Century Companies Inc. now owns 15,928 shares of the bank’s stock valued at $375,000 after purchasing an additional 3,552 shares in the last quarter. Hedge funds and other institutional investors own 31.97% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on CBFV shares. StockNews.com started coverage on shares of CB Financial Services in a research note on Tuesday, October 10th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods lowered shares of CB Financial Services from an “outperform” rating to a “market perform” rating and set a $25.00 price objective on the stock. in a research note on Wednesday, August 16th.
CB Financial Services Stock Up 0.5 %
NASDAQ:CBFV opened at $21.31 on Tuesday. The firm has a market capitalization of $109.11 million, a P/E ratio of 8.01 and a beta of 0.54. CB Financial Services, Inc. has a 1-year low of $17.20 and a 1-year high of $24.98. The company’s fifty day moving average price is $21.33 and its 200-day moving average price is $20.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.91 and a quick ratio of 0.91.
CB Financial Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.69%. CB Financial Services’s payout ratio is currently 37.59%.
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.
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