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

StockNews.com started coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the bank’s stock.

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

CB Financial Services Stock Up 0.3 %

Shares of NASDAQ:CBFV opened at $30.00 on Friday. CB Financial Services has a one year low of $20.75 and a one year high of $30.00. The company has a 50 day moving average of $28.50 and a 200-day moving average of $25.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $153.60 million, a price-to-earnings ratio of 6.74 and a beta of 0.56.

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

CB Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Friday, November 15th. CB Financial Services’s dividend payout ratio (DPR) is currently 22.47%.

Institutional Trading of CB Financial Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its position in CB Financial Services by 12.7% during the third quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after acquiring an additional 943 shares in the last quarter. Geode Capital Management LLC raised its position in CB Financial Services by 9.7% during the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock worth $1,352,000 after acquiring an additional 4,295 shares in the last quarter. Fourthstone LLC bought a new stake in CB Financial Services during the third quarter worth $373,000. De Lisle Partners LLP raised its position 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 valued at $823,000 after purchasing an additional 2,429 shares during the period. Finally, Empowered Funds LLC raised its position in shares of CB Financial Services by 5.2% in the third quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock valued at $911,000 after purchasing an additional 1,608 shares during the period. 33.06% of the stock is owned by 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.