10,532 Shares in CB Financial Services, Inc. (NASDAQ:CBFV) Bought by Millennium Management LLC

Millennium Management LLC bought a new position in shares of CB Financial Services, Inc. (NASDAQ:CBFV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,532 shares of the bank’s stock, valued at approximately $301,000. Millennium Management LLC owned 0.21% of CB Financial Services at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Empowered Funds LLC increased its position in CB Financial Services by 1.8% during the fourth 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. Dimensional Fund Advisors LP increased its position in shares of CB Financial Services by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,822 shares of the bank’s stock valued at $509,000 after purchasing an additional 967 shares during the period. Bank of America Corp DE increased its position in shares of CB Financial Services by 1,093.4% during the fourth quarter. Bank of America Corp DE now owns 3,807 shares of the bank’s stock valued at $109,000 after purchasing an additional 3,488 shares during the period. Fiduciary Trust Co bought a new stake in shares of CB Financial Services during the fourth quarter valued at approximately $266,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of CB Financial Services during the fourth quarter valued at approximately $323,000. Institutional investors own 33.06% of the company’s stock.

CB Financial Services Stock Performance

Shares of NASDAQ:CBFV opened at $28.45 on Wednesday. The business’s fifty day moving average price is $28.69 and its two-hundred day moving average price is $29.11. 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 $142.90 million, a price-to-earnings ratio of 11.90 and a beta of 0.29. 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 announced 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 for the quarter, compared to analysts’ expectations of $12.69 million. As a group, analysts predict that CB Financial Services, Inc. will post 1.82 EPS for the current fiscal year.

CB Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, May 16th. CB Financial Services’s dividend payout ratio (DPR) is 52.08%.

Analyst Ratings Changes

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

Insider Buying and Selling at CB Financial Services

In other CB Financial Services news, Director John Swiatek sold 2,500 shares of the business’s 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 transaction, the director now owns 11,494 shares of the company’s stock, valued at approximately $339,073. The trade was a 17.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.70% of the company’s stock.

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.