De Lisle Partners LLP Boosts Stock Holdings in CB Financial Services, Inc. (NASDAQ:CBFV)

De Lisle Partners LLP raised its holdings in CB Financial Services, Inc. (NASDAQ:CBFV) by 9.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,255 shares of the bank’s stock after purchasing an additional 2,429 shares during the quarter. De Lisle Partners LLP’s holdings in CB Financial Services were worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CBFV. Acadian Asset Management LLC boosted its stake in shares of CB Financial Services by 115.4% in the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after buying an additional 1,119 shares in the last quarter. Empowered Funds LLC lifted its holdings in CB Financial Services by 5.2% in the third quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock valued at $911,000 after acquiring an additional 1,608 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of CB Financial Services by 2.3% during the 3rd 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 in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in shares of CB Financial Services during the 2nd quarter worth $393,000. Institutional investors and hedge funds own 33.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on CBFV shares. DA Davidson raised their price objective on shares of CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com began coverage on shares of CB Financial Services in a research report on Sunday, November 24th. They set a “hold” rating for the company.

CB Financial Services Trading Up 2.1 %

NASDAQ:CBFV opened at $31.56 on Friday. The company has a market capitalization of $161.59 million, a PE ratio of 7.09 and a beta of 0.56. CB Financial Services, Inc. has a 52-week low of $20.75 and a 52-week high of $31.79. The stock has a fifty day simple moving average of $28.77 and a 200-day simple moving average of $25.65. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 24.51% and a return on equity of 8.27%. On average, equities research analysts expect that CB Financial Services, Inc. will post 2.18 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Friday, November 15th. CB Financial Services’s dividend payout ratio (DPR) is presently 22.47%.

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.