Dimensional Fund Advisors LP Acquires 967 Shares of CB Financial Services, Inc. (NASDAQ:CBFV)

Dimensional Fund Advisors LP grew its position in CB Financial Services, Inc. (NASDAQ:CBFV) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,822 shares of the bank’s stock after acquiring an additional 967 shares during the quarter. Dimensional Fund Advisors LP owned 0.35% of CB Financial Services worth $509,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CBFV. Barclays PLC lifted its position in shares of CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after acquiring an additional 943 shares during the period. Empowered Funds LLC lifted its position in shares of CB Financial Services by 1.8% in the 4th quarter. Empowered Funds LLC now owns 33,172 shares of the bank’s stock worth $948,000 after acquiring an additional 600 shares during the period. Finally, Waldron Private Wealth LLC lifted its position in shares of CB Financial Services by 100.0% in the 4th quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank’s stock worth $3,447,000 after acquiring an additional 60,306 shares during the period. Institutional investors own 33.06% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded CB Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, April 30th.

Insider Activity at CB Financial Services

In other news, Director John Swiatek sold 2,500 shares of CB Financial Services stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $29.50, for a total value of $73,750.00. Following the completion of the sale, the director now directly owns 11,494 shares of the company’s stock, valued at approximately $339,073. This trade represents a 17.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.70% of the company’s stock.

CB Financial Services Trading Down 1.0%

CBFV stock opened at $29.43 on Friday. The business has a fifty day moving average price of $28.45 and a 200 day moving average price of $29.12. CB Financial Services, Inc. has a fifty-two week low of $20.75 and a fifty-two week high of $33.72. The stock has a market capitalization of $150.15 million, a price-to-earnings ratio of 12.31 and a beta of 0.33. 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 (NASDAQ:CBFV) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.07. CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. The firm had revenue of $12.10 million during the quarter, compared to analysts’ expectations of $12.69 million. Analysts expect that CB Financial Services, Inc. will post 1.82 EPS for the current fiscal year.

CB Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.40%. CB Financial Services’s dividend payout ratio is 52.08%.

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.