CB Financial Services (NASDAQ:CBFV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report published on Saturday morning. The firm issued a hold rating on the bank’s stock.

Several other equities research analysts have also commented on CBFV. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $25.00 price target (up previously from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th. DA Davidson lifted their price objective on CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

CB Financial Services Trading Up 0.4 %

NASDAQ:CBFV opened at $29.02 on Friday. The stock has a market capitalization of $148.58 million, a price-to-earnings ratio of 6.52 and a beta of 0.56. CB Financial Services has a 1 year low of $20.75 and a 1 year high of $29.90. The stock has a fifty day moving average price of $28.29 and a two-hundred day moving average price of $25.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 0.87.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. As a group, sell-side analysts anticipate that CB Financial Services will post 2.18 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.45%. CB Financial Services’s dividend payout ratio is presently 22.47%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its holdings in CB Financial Services by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after buying an additional 8,143 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of CB Financial Services by 9.7% in the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock valued at $1,352,000 after acquiring an additional 4,295 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of CB Financial Services by 5.2% during the third quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock valued at $911,000 after acquiring an additional 1,608 shares during the last quarter. De Lisle Partners LLP increased its position in CB Financial Services by 9.1% during the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after purchasing an additional 2,429 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in CB Financial Services in the 2nd quarter valued at about $393,000. 33.06% of the stock is currently owned by institutional investors and hedge funds.

About CB Financial Services

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.