CB Financial Services (NASDAQ:CBFV) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research note issued on Wednesday. The firm set a “hold” rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $25.00 target price (up previously from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th.

CB Financial Services Trading Up 3.0 %

CB Financial Services stock opened at $26.72 on Wednesday. CB Financial Services has a one year low of $20.10 and a one year high of $27.02. The business’s fifty day moving average is $23.65 and its 200 day moving average is $22.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $137.39 million, a PE ratio of 6.07 and a beta of 0.56.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. CB Financial Services had a net margin of 24.64% and a return on equity of 8.79%. The firm had revenue of $19.63 million for the quarter, compared to the consensus estimate of $12.60 million. On average, sell-side analysts predict that CB Financial Services will post 2.22 EPS for the current year.

Hedge Funds Weigh In On CB Financial Services

Institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC grew its position in CB Financial Services by 115.4% during the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after buying an additional 1,119 shares during the period. Commonwealth Equity Services LLC purchased a new position in shares of CB Financial Services during the 2nd quarter worth $393,000. Empowered Funds LLC grew its position in shares of CB Financial Services by 7.9% during the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after acquiring an additional 2,100 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of CB Financial Services by 1.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 326,985 shares of the bank’s stock worth $7,786,000 after purchasing an additional 3,604 shares in the last quarter. Institutional investors own 33.06% of the company’s stock.

CB Financial Services Company Profile

CB Financial Services, Inc operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products.