Empowered Funds LLC Has $911,000 Stake in CB Financial Services, Inc. (NASDAQ:CBFV)

Empowered Funds LLC grew its position in CB Financial Services, Inc. (NASDAQ:CBFV) by 5.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,572 shares of the bank’s stock after purchasing an additional 1,608 shares during the period. Empowered Funds LLC’s holdings in CB Financial Services were worth $911,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC raised its position in CB Financial Services by 115.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after buying an additional 1,119 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in shares of CB Financial Services during the 2nd quarter worth approximately $393,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of CB Financial Services by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after purchasing an additional 8,143 shares during the last quarter. 33.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CBFV has been the subject of several recent research reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $25.00 target price (up previously from $24.00) on shares of CB Financial Services in a report on Monday, July 29th. StockNews.com assumed coverage on shares of CB Financial Services in a research report on Saturday, November 16th. They set a “hold” rating on the stock. Finally, DA Davidson raised their price objective on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th.

CB Financial Services Price Performance

NASDAQ:CBFV opened at $30.00 on Friday. The stock has a market capitalization of $153.72 million, a PE ratio of 6.74 and a beta of 0.56. CB Financial Services, Inc. has a 1-year low of $20.75 and a 1-year high of $30.00. The firm has a fifty day simple moving average of $28.50 and a 200 day simple moving average of $25.41. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Friday, October 25th. The bank reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. On average, research analysts expect that CB Financial Services, Inc. will post 2.18 EPS for the current fiscal year.

CB Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Friday, November 15th. CB Financial Services’s dividend payout ratio (DPR) is presently 22.47%.

CB Financial Services Company 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 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.