CB Financial Services, Inc. $CBFV Shares Sold by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. lessened its stake in CB Financial Services, Inc. (NASDAQ:CBFV) by 48.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,846 shares of the bank’s stock after selling 24,937 shares during the quarter. Endeavour Capital Advisors Inc. owned about 0.54% of CB Financial Services worth $936,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CBFV. Bank of America Corp DE boosted its position 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. Goldman Sachs Group Inc. grew its holdings in CB Financial Services by 108.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 22,538 shares of the bank’s stock worth $641,000 after acquiring an additional 11,704 shares in the last quarter. Empowered Funds LLC grew its stake in CB Financial Services by 2.5% in the first quarter. Empowered Funds LLC now owns 34,000 shares of the bank’s stock worth $967,000 after purchasing an additional 828 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of CB Financial Services in the 1st quarter valued at approximately $537,000. Finally, Acadian Asset Management LLC increased its stake in CB Financial Services by 30.3% during the first quarter. Acadian Asset Management LLC now owns 4,158 shares of the bank’s stock valued at $115,000 after purchasing an additional 966 shares during the last quarter. Hedge funds and other institutional investors own 33.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CBFV. DA Davidson started coverage on CB Financial Services in a report on Wednesday, February 25th. They set a “buy” rating and a $43.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a research note on Friday, March 27th. Keefe, Bruyette & Woods dropped their price objective on CB Financial Services from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Finally, Zacks Research upgraded shares of CB Financial Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, CB Financial Services presently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Insider Buying and Selling

In other CB Financial Services news, insider Stephen Cobain sold 1,792 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $34.58, for a total transaction of $61,967.36. Following the transaction, the insider directly owned 4,313 shares of the company’s stock, valued at $149,143.54. This represents a 29.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 10.20% of the stock is owned by insiders.

CB Financial Services Stock Performance

CBFV stock opened at $34.49 on Tuesday. The firm has a 50 day simple moving average of $34.93 and a 200 day simple moving average of $35.01. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.87. CB Financial Services, Inc. has a 52 week low of $27.11 and a 52 week high of $37.75. The stock has a market cap of $174.86 million, a P/E ratio of 26.74 and a beta of 0.28.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $14.82 million for the quarter, compared to the consensus estimate of $15.50 million. CB Financial Services had a net margin of 8.32% and a return on equity of 10.07%. Research analysts anticipate that CB Financial Services, Inc. will post 3.12 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, May 15th. CB Financial Services’s payout ratio is currently 86.82%.

CB Financial Services Profile

CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.

The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.