6 days Ago By Defense World Staff
Renaissance Technologies LLC lowered its position in shares of CB Financial Services, Inc. (NASDAQ:CBFV – Free Report) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 49,099 shares of the bank’s stock after selling 2,800 shares during the quarter. Renaissance Technologies LLC owned approximately 0.96% of CB Financial Services worth $1,403,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC raised its stake in CB Financial Services by 1.8% in the 4th quarter.
Empowered Funds LLC now owns 33,172 shares of the bank’s stock valued at $948,000 after purchasing an additional 600 shares during the last quarter. Waldron Private Wealth LLC lifted its stake in shares of CB Financial Services by 100.0% in the fourth quarter.
Waldron Private Wealth LLC now owns 120,612 shares of the bank’s stock worth $3,447,000 after buying an additional 60,306 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of CB Financial Services in the third quarter worth about $941,000. Barclays PLC grew its stake in CB Financial Services by 12.
7% during the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after acquiring an additional 943 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in CB Financial Services by 9.
7% during the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock valued at $1,352,000 after acquiring an additional 4,295 shares in the last quarter. Hedge funds and other institutional investors own 33.
06% of the company’s stock. CB Financial Services Stock Up 0.7 %NASDAQ CBFV opened at $29.
20 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.
87 and a debt-to-equity ratio of 0.23. CB Financial Services, Inc.
has a 52 week low of $20.75 and a 52 week high of $33.72.
The business’s fifty day simple moving average is $28.08 and its 200-day simple moving average is $29.04.
The firm has a market cap of $148.98 million, a PE ratio of 12.22 and a beta of 0.
36. CB Financial Services (NASDAQ:CBFV – Get Free Report) last posted its earnings results on Wednesday, April 23rd. The bank reported $0.
50 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.07.
The company had revenue of $12.10 million for the quarter, compared to analyst estimates of $12.69 million.
CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%.
As a group, equities analysts anticipate that CB Financial Services, Inc. will post 1.82 earnings per share for the current year.
CB Financial Services Dividend AnnouncementThe firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.25 dividend.
The ex-dividend date is Friday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.
42%. CB Financial Services’s dividend payout ratio is currently 52.08%.
Insider ActivityIn other CB Financial Services news, Director John Swiatek sold 2,500 shares of the company’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $29.02, for a total value of $72,550.
00. Following the transaction, the director now owns 11,494 shares of the company’s stock, valued at $333,555.88.
This represents a 17.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Corporate insiders own 9.40% of the company’s stock. Analyst Upgrades and DowngradesSeparately, StockNews.
com cut CB Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, April 22nd.Get Our Latest Stock Report on CBFVAbout CB Financial Services (Free Report)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.
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