Bridgeway Capital Management LLC Trims Stock Position in CB Financial Services, Inc. (NASDAQ:CBFV)

Bridgeway Capital Management LLC decreased its position in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 64,172 shares of the bank’s stock after selling 400 shares during the quarter. Bridgeway Capital Management LLC’s holdings in CB Financial Services were worth $1,834,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE boosted its stake in CB Financial Services by 1,093.4% during the 4th quarter. Bank of America Corp DE now owns 3,807 shares of the bank’s stock worth $109,000 after purchasing an additional 3,488 shares during the period. Barclays PLC boosted its stake in shares of CB Financial Services by 12.7% during the third quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after buying an additional 943 shares during the period. Ameriprise Financial Inc. purchased a new position in shares of CB Financial Services during the fourth quarter worth about $323,000. 683 Capital Management LLC purchased a new stake in CB Financial Services during the 4th quarter valued at approximately $344,000. Finally, Dimensional Fund Advisors LP lifted its position in CB Financial Services by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,822 shares of the bank’s stock worth $509,000 after acquiring an additional 967 shares during the period. Institutional investors and hedge funds own 33.06% of the company’s stock.

Insider Transactions 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 Friday, April 25th. The stock was sold at an average price of $29.02, for a total transaction of $72,550.00. Following the sale, the director now directly owns 11,494 shares in the company, valued at approximately $333,555.88. 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 link. Corporate insiders own 9.70% of the company’s stock.

CB Financial Services Trading Down 1.6 %

NASDAQ CBFV opened at $29.09 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $148.42 million, a P/E ratio of 12.17 and a beta of 0.33. CB Financial Services, Inc. has a 52-week low of $20.75 and a 52-week high of $33.72. The firm has a 50-day moving average price of $28.29 and a 200 day moving average price of $29.09.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.50 EPS for the quarter, beating the consensus estimate 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 business had revenue of $12.10 million during the quarter, compared to analysts’ expectations of $12.69 million. Equities research analysts expect that CB Financial Services, Inc. will post 1.82 EPS for the current year.

CB Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given 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 dividend yield of 3.44%. CB Financial Services’s payout ratio is 52.08%.

Wall Street Analyst Weigh In

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

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.