Janney Montgomery Scott LLC Has $4.19 Million Holdings in CB Financial Services Inc (CBFV)

Janney Montgomery Scott LLC boosted its position in shares of CB Financial Services Inc (NASDAQ:CBFV) by 5.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 169,247 shares of the bank’s stock after purchasing an additional 8,774 shares during the period. Janney Montgomery Scott LLC’s holdings in CB Financial Services were worth $4,194,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP acquired a new stake in CB Financial Services during the third quarter worth about $233,000. Renaissance Technologies LLC acquired a new stake in CB Financial Services during the second quarter worth about $266,000. Schwab Charles Investment Management Inc. bought a new position in shares of CB Financial Services in the second quarter worth about $307,000. Bank of New York Mellon Corp bought a new position in shares of CB Financial Services in the second quarter worth about $497,000. Finally, HBK Sorce Advisory LLC bought a new position in shares of CB Financial Services in the third quarter worth about $602,000. Hedge funds and other institutional investors own 27.18% of the company’s stock.

A number of research firms have recently commented on CBFV. TheStreet cut shares of CB Financial Services from a “b” rating to a “c+” rating in a report on Wednesday, October 24th. Zacks Investment Research cut shares of CB Financial Services from a “hold” rating to a “sell” rating in a report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.67.

In related news, Director John J. Lacarte bought 2,250 shares of the company’s stock in a transaction dated Tuesday, December 18th. The stock was purchased at an average price of $25.25 per share, with a total value of $56,812.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 4,590 shares of company stock valued at $116,957 in the last three months. Company insiders own 10.60% of the company’s stock.

CBFV stock opened at $26.11 on Monday. The stock has a market capitalization of $141.37 million, a PE ratio of 15.45, a P/E/G ratio of 1.21 and a beta of 0.38. 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.

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

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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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Want to see what other hedge funds are holding CBFV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CB Financial Services Inc (NASDAQ:CBFV).

Institutional Ownership by Quarter for CB Financial Services (NASDAQ:CBFV)

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