5 Dividend Stocks to Buy According to Phil Stone’s Fourthstone LLC

2. CB Financial Services, Inc. (NASDAQ:CBFV)

Dividend Yield: 4.06%

Number of Hedge Fund Holders: 44

CB Financial Services, Inc. (NASDAQ:CBFV) is the holding company for The Community Bank, which is a bank headquartered in Pennsylvania. The Community Bank provides several kinds of accounts and loans.

CB Financial Services, Inc. (NASDAQ:CBFV) had a dividend yield of 4.06% as of its third quarter. Mr. Stone’s Fourthstone LLC owned 92,500 shares of the company that was worth $2 million and represented 0.86% of its portfolio by Q3 2021 end.

CB Financial Services, Inc. (NASDAQ:CBFV) earned $12 million in revenue and $0.36 in non-GAAP EPS for its Q3, missing analyst estimates on both counts. DA Davidson reduced the First Business CB Financial Services, Inc. (NASDAQ:CBFV)’s price target to $20 from $25 in January 2021, sharing that the recession was harming the company.

After Fourthstone LLC, Jim Simons’s Renaissance Technologies is CB Financial Services, Inc. (NASDAQ:CBFV)’s the largest shareholder. It owns 85,304 shares worth $2 million. Out of the 867 hedge funds polled by Insider Monkey for the third quarter of this year, 4 had holdings in the company.