Stifel Financial Corp Sells 100 Shares of CB Financial Services, Inc. (CBFV)

Stifel Financial Corp lowered its holdings in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,455 shares of the bank’s stock after selling 100 shares during the quarter. Stifel Financial Corp owned about 0.38% of CB Financial Services worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Banc Funds Co. LLC raised its holdings in shares of CB Financial Services by 66.3% during the 2nd quarter. Banc Funds Co. LLC now owns 60,536 shares of the bank’s stock valued at $1,571,000 after purchasing an additional 24,135 shares in the last quarter. LSV Asset Management raised its holdings in shares of CB Financial Services by 36.9% during the 2nd quarter. LSV Asset Management now owns 4,200 shares of the bank’s stock valued at $109,000 after purchasing an additional 1,132 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of CB Financial Services by 34.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 148,106 shares of the bank’s stock valued at $3,843,000 after purchasing an additional 38,303 shares in the last quarter. Kennedy Capital Management Inc. raised its holdings in shares of CB Financial Services by 151.8% during the 2nd quarter. Kennedy Capital Management Inc. now owns 64,383 shares of the bank’s stock valued at $1,671,000 after purchasing an additional 38,810 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of CB Financial Services by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 63,052 shares of the bank’s stock valued at $1,645,000 after purchasing an additional 1,021 shares in the last quarter. Institutional investors and hedge funds own 19.95% of the company’s stock.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of CB Financial Services from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday. Keefe, Bruyette & Woods restated a “hold” rating and set a $30.00 price target on shares of CB Financial Services in a report on Wednesday.

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CB Financial Services Profile

CB Financial Services, Inc is the bank holding company for Community Bank (the Bank). The Company operates in community banking segment. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area.

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

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