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

Equities research analysts at StockNews.com started coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the bank’s stock.

Separately, DA Davidson upped their price objective on 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 0.9 %

CB Financial Services stock opened at $32.93 on Monday. CB Financial Services has a 12 month low of $20.75 and a 12 month high of $33.04. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $28.98 and its two-hundred day simple moving average is $25.90. The company has a market capitalization of $168.73 million, a price-to-earnings ratio of 7.40 and a beta of 0.58.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Friday, October 25th. The bank reported $0.55 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 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, equities analysts predict that CB Financial Services will post 2.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CB Financial Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBFV. Barclays PLC lifted its holdings in shares of CB Financial Services by 12.7% during the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after buying an additional 943 shares during the period. Acadian Asset Management LLC increased 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 acquiring an additional 1,119 shares during the last quarter. Empowered Funds LLC boosted its position in CB Financial Services by 5.2% in the third quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after purchasing an additional 1,608 shares during the last quarter. De Lisle Partners LLP grew its stake in shares of CB Financial Services by 9.1% during the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock valued at $823,000 after purchasing an additional 2,429 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of CB Financial Services by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock valued at $1,352,000 after purchasing an additional 4,295 shares during the last quarter. Hedge funds and other 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.