CB Financial Services Inc (CBFV) Stake Decreased by Waldron Private Wealth LLC

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Waldron Private Wealth LLC lessened its position in shares of CB Financial Services Inc (NASDAQ:CBFV) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,905 shares of the bank’s stock after selling 3,914 shares during the period. Waldron Private Wealth LLC’s holdings in CB Financial Services were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of CBFV. Context BH Capital Management LP acquired a new position in CB Financial Services during the 4th quarter worth approximately $960,000. Janney Montgomery Scott LLC increased its position in CB Financial Services by 5.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 169,247 shares of the bank’s stock worth $4,194,000 after purchasing an additional 8,774 shares in the last quarter. BlackRock Inc. increased its position in CB Financial Services by 3.5% during 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 in the last quarter. Renaissance Technologies LLC increased its position in CB Financial Services by 98.0% during the 3rd quarter. Renaissance Technologies LLC now owns 15,309 shares of the bank’s stock worth $472,000 after purchasing an additional 7,576 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in CB Financial Services during the 1st quarter worth approximately $102,000. 28.07% of the stock is owned by institutional investors.

NASDAQ CBFV traded up $0.88 on Friday, hitting $24.39. The company’s stock had a trading volume of 9,198 shares, compared to its average volume of 5,244. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.85 and a current ratio of 0.85. CB Financial Services Inc has a 1-year low of $22.77 and a 1-year high of $36.95. The stock has a market cap of $128.99 million, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Thursday, January 31st. The bank reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). CB Financial Services had a net margin of 15.67% and a return on equity of 6.93%. The business had revenue of $12.77 million during the quarter, compared to analyst estimates of $12.55 million. Analysts predict that CB Financial Services Inc will post 2.15 earnings per share for the current fiscal year.

In other CB Financial Services news, Director John J. Lacarte purchased 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $24.99 per share, for a total transaction of $74,970.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jonathan Bedway purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was acquired at an average price of $26.13 per share, with a total value of $104,520.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 7,252 shares of company stock valued at $185,545. Corporate insiders own 7.90% of the company’s stock.

A number of research firms recently issued reports on CBFV. Zacks Investment Research cut shares of CB Financial Services from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. TheStreet upgraded shares of CB Financial Services from a “c+” rating to a “b-” rating in a research report on Wednesday, February 27th. Finally, ValuEngine cut shares of CB Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th.

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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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