John J. Lacarte Purchases 3,000 Shares of CB Financial Services Inc (CBFV) Stock

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CB Financial Services Inc (NASDAQ:CBFV) Director John J. Lacarte bought 3,000 shares of CB Financial Services stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $24.99 per share, for a total transaction of $74,970.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

John J. Lacarte also recently made the following trade(s):

  • On Tuesday, December 18th, John J. Lacarte bought 2,250 shares of CB Financial Services stock. The stock was acquired at an average cost of $25.25 per share, for a total transaction of $56,812.50.

CBFV stock traded up $0.08 during trading on Friday, hitting $25.08. The company had a trading volume of 12,347 shares, compared to its average volume of 4,594. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. CB Financial Services Inc has a 12 month low of $22.82 and a 12 month high of $36.95. The stock has a market capitalization of $129.94 million, a PE ratio of 14.84, a price-to-earnings-growth ratio of 1.12 and a beta of 0.41.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Thursday, January 31st. The bank reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). CB Financial Services had a return on equity of 6.49% and a net margin of 13.81%. The company had revenue of $12.77 million during the quarter, compared to the consensus estimate of $12.55 million. As a group, equities analysts expect that CB Financial Services Inc will post 2.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Monday, March 11th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.83%. The ex-dividend date is Friday, March 8th. This is a boost from CB Financial Services’s previous quarterly dividend of $0.23. CB Financial Services’s payout ratio is 56.80%.

A number of hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in CB Financial Services by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 51,018 shares of the bank’s stock worth $1,264,000 after purchasing an additional 1,955 shares during the last quarter. Context BH Capital Management LP bought a new position in CB Financial Services in the 4th quarter worth approximately $960,000. Bank of America Corp DE raised its position in CB Financial Services by 158.5% in the 4th quarter. Bank of America Corp DE now owns 6,270 shares of the bank’s stock worth $155,000 after purchasing an additional 3,844 shares during the last quarter. BlackRock Inc. raised its position in CB Financial Services by 3.5% in the 4th quarter. BlackRock Inc. now owns 222,109 shares of the bank’s stock worth $5,505,000 after purchasing an additional 7,609 shares during the last quarter. Finally, First Trust Advisors LP raised its position in CB Financial Services by 18.7% in the 4th quarter. First Trust Advisors LP now owns 8,979 shares of the bank’s stock worth $222,000 after purchasing an additional 1,414 shares during the last quarter. Hedge funds and other institutional investors own 28.17% of the company’s stock.

Several research analysts have recently commented on the company. Zacks Investment Research raised CB Financial Services from a “sell” rating to a “hold” rating in a report on Monday, December 17th. ValuEngine downgraded CB Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, TheStreet upgraded shares of CB Financial Services from a “c+” rating to a “b-” rating in a research report on Wednesday, February 27th.

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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. The company's deposit products include demand deposits, NOW accounts, money market accounts, savings accounts, and time deposits.

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