CB Financial Services (NASDAQ:CBFV) Research Coverage Started at StockNews.com

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

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $25.00 price objective (up from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th. DA Davidson increased their price target on shares of CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th.

CB Financial Services Trading Up 2.6 %

NASDAQ:CBFV opened at $30.90 on Friday. The firm has a 50-day simple moving average of $28.62 and a 200-day simple moving average of $25.56. CB Financial Services has a one year low of $20.75 and a one year high of $30.98. The firm has a market cap of $158.33 million, a P/E ratio of 6.94 and a beta of 0.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87.

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

CB Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 3.24%. CB Financial Services’s dividend payout ratio (DPR) is 22.47%.

Institutional Investors Weigh In On CB Financial Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its stake in shares of CB Financial Services by 115.4% during the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after acquiring an additional 1,119 shares during the last quarter. Barclays PLC boosted its stake in CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after purchasing an additional 943 shares in the last quarter. Fourthstone LLC purchased a new stake in CB Financial Services during the 3rd quarter worth approximately $373,000. Commonwealth Equity Services LLC acquired a new position in CB Financial Services during the 2nd quarter valued at approximately $393,000. Finally, De Lisle Partners LLP raised its holdings in shares of CB Financial Services by 9.1% in the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after buying an additional 2,429 shares during the last quarter. 33.06% of the stock is currently owned by hedge funds and other institutional investors.

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.