John J. LaCarte, a director at CB Financial Services, Inc. (NASDAQ:CBFV), recently sold 712 shares of the company's common stock. The transaction, which took place on December 9, 2024, was executed at a price of $33.50 per share, amounting to a total value of $23,852. The sale occurred near the stock's 52-week high of $33.72, during a period of strong performance with the shares up nearly 45% over the past six months. According to InvestingPro analysis, the stock is currently trading close to its Fair Value.
Additionally, LaCarte acquired 1,515 shares through multiple transactions on the same day. These acquisitions were part of option exercises, with share prices ranging between $26.45 and $30.75. The total value of these acquisitions amounted to $44,866. The company, with a market capitalization of $165 million, trades at an attractive P/E ratio of 7.2.
Following these transactions, LaCarte holds 39,803 shares directly. He also has indirect ownership of 85,000 shares through a corporation and 7,700 shares via a family trust. Notably, CB Financial Services has maintained dividend payments for 31 consecutive years, demonstrating strong shareholder commitment. InvestingPro subscribers can access additional insights and 8 more key tips about CBFV's financial health and growth prospects.
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