Amalgamated Financial director Maryann Bruce sells $154,080 in shares

Amanda L. Engles, the Executive Vice President and Chief Financial Officer of CB Financial Services, Inc., sold 470 shares of the company's common stock on November 5, 2026. The transaction took place when the stock price was near its 52-week high of $41.31, having delivered a 19.5% return year-to-date. Each share was sold for $41.25, amounting to a total sale of $19,387.

Simultaneously, she acquired 470 shares at a price of $22.12 per share, investing $10,396. This amounted to stock options exercised, which also have a vesting schedule of 20% per year starting February 16, 2025. Post these transactions, Ms. Engles holds 2,054 shares of common stock, including shares subject to vesting. CB Financial Services has a history of paying dividends for 33 consecutive years.

Recent financial results show a 12% increase in pre-provision net revenue compared to estimates, driven by effective expense management and higher net interest income. The bank's Specialty Treasury program is also projected to bring in over $150 million in deposits annually by 2026 and 2027. In response, Keefe, Bruyette & Woods increased its price target for the company to $41.00, maintaining an Outperform rating.