Russell Investments Group Ltd. Acquires New Shares in CB Financial Services Inc (NASDAQ:CBFV)

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Russell Investments Group Ltd. acquired a new stake in CB Financial Services Inc (NASDAQ:CBFV) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 7,222 shares of the bank’s stock, valued at approximately $200,000. Russell Investments Group Ltd. owned about 0.13% of CB Financial Services at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Renaissance Technologies LLC increased its position in CB Financial Services by 142.1% during the second quarter. Renaissance Technologies LLC now owns 58,600 shares of the bank’s stock worth $1,392,000 after buying an additional 34,400 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of CB Financial Services by 12.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 213,740 shares of the bank’s stock worth $5,933,000 after acquiring an additional 23,056 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of CB Financial Services during the 2nd quarter worth about $514,000. Morgan Stanley increased its holdings in shares of CB Financial Services by 237.7% during the 2nd quarter. Morgan Stanley now owns 17,458 shares of the bank’s stock valued at $415,000 after acquiring an additional 12,288 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of CB Financial Services by 1,262.0% during the 2nd quarter. Acadian Asset Management LLC now owns 6,783 shares of the bank’s stock valued at $161,000 after acquiring an additional 6,285 shares during the last quarter. Hedge funds and other institutional investors own 26.02% of the company’s stock.

Separately, Zacks Investment Research upgraded CB Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th.

In other news, Director John J. Lacarte purchased 1,118 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of $28.76 per share, for a total transaction of $32,153.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have acquired 1,253 shares of company stock valued at $35,605. Company insiders own 7.90% of the company’s stock.

NASDAQ:CBFV opened at $29.80 on Wednesday. CB Financial Services Inc has a 12 month low of $22.77 and a 12 month high of $30.27. The firm has a market cap of $161.90 million, a price-to-earnings ratio of 17.63 and a beta of 0.40. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $27.70 and its 200-day moving average is $25.51.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.17. CB Financial Services had a net margin of 20.31% and a return on equity of 8.43%. The business had revenue of $13.30 million during the quarter. Research analysts predict that CB Financial Services Inc will post 2.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, December 5th. CB Financial Services’s dividend payout ratio is 56.80%.

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 southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts.

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Institutional Ownership by Quarter for CB Financial Services (NASDAQ:CBFV)

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