CB Financial Services, Inc. Buyback
OLI recorded this information on 11/20/2019
Company:
CB Financial Services, Inc.
Buyback:
CBFV buyback
$Amount Authorized:
$5,000,000
Buyback Details:
CB Financial Services, Inc. (the "Company") (NASDAQ: CBFV), the holding company for Community Bank, announced today that its Board of Directors has authorized a program to repurchase up to $5 million of the Company's outstanding common stock, which represents approximately 3.2% of the outstanding shares based on the Company's closing stock price on November 19, 2019. The program is effective November 25, 2019 and authorized through November 24, 2020.
CB Financial Services is bank holding company. Through its subsidiary, Community Bank (the Bank), Co. provides residential and commercial real estate loans, commercial and industrial loans, and consumer loans as well as a variety of deposit products for individuals and businesses in its market area. The Bank is the sole shareholder of Exchange Underwriters, Inc., an independent insurance agency that provides property and casualty, commercial liability, surety and other insurance products. Co. provides a variety of deposit accounts including non-interest bearing demand deposits, negotiable order of withdrawal accounts, savings accounts, money market accounts, and time deposits.
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Avg. Broker Rec.
 
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CBFV Stock Forecast Based on Zacks ABR data; powered by Xignite |
