CB Financial Services, Inc. (NASDAQ:CBFV – Free Report) – Stock analysts at DA Davidson issued their Q4 2024 EPS estimates for CB Financial Services in a note issued to investors on Wednesday, October 30th. DA Davidson analyst M. Navas forecasts that the bank will earn $0.44 per share for the quarter. DA Davidson has a “Neutral” rating and a $27.00 price objective on the stock. The consensus estimate for CB Financial Services’ current full-year earnings is $2.19 per share.
Several other brokerages also recently commented on CBFV. StockNews.com started coverage on shares of CB Financial Services in a research report on Thursday. They set a “hold” rating on the stock. Keefe, Bruyette & Woods reiterated 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 note on Monday, July 29th.
CB Financial Services Price Performance
Shares of NASDAQ:CBFV opened at $28.57 on Friday. The business has a fifty day moving average price of $27.82 and a 200-day moving average price of $24.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $146.85 million, a PE ratio of 6.42 and a beta of 0.57. CB Financial Services has a 1-year low of $20.75 and a 1-year high of $29.50.
CB Financial Services (NASDAQ:CBFV – Get Free Report) last posted its quarterly earnings results on Friday, October 25th. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. CB Financial Services had a return on equity of 8.39% and a net margin of 24.51%. The company had revenue of $21.01 million for the quarter, compared to the consensus estimate of $12.60 million.
Institutional Investors Weigh In On CB Financial Services
Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC boosted its holdings in shares of CB Financial Services by 115.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,119 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in CB Financial Services during the second quarter valued at approximately $393,000. Empowered Funds LLC lifted its position in CB Financial Services by 7.9% during the first quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after purchasing an additional 2,100 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in CB Financial Services by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock worth $10,204,000 after purchasing an additional 8,143 shares during the last quarter. 33.06% of the stock is currently owned by institutional investors.
CB Financial Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.50%. CB Financial Services’s dividend payout ratio (DPR) is presently 22.47%.
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.
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