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

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

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

CB Financial Services Price Performance

CBFV opened at $28.65 on Thursday. The firm has a market capitalization of $147.26 million, a PE ratio of 6.44 and a beta of 0.57. 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 business’s 50-day moving average is $27.77 and its two-hundred day moving average is $24.59. CB Financial Services has a 1 year low of $20.75 and a 1 year high of $29.50.

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, topping analysts’ consensus estimates of $0.51 by $0.04. The firm 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 8.39%. Research analysts anticipate that CB Financial Services will post 2.19 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.49%. CB Financial Services’s dividend payout ratio is currently 22.47%.

Institutional Investors Weigh In On CB Financial Services

A number of institutional investors and hedge funds have recently modified their holdings of CBFV. Acadian Asset Management LLC grew its holdings 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 worth $46,000 after acquiring an additional 1,119 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of CB Financial Services during the 2nd quarter worth approximately $393,000. Empowered Funds LLC grew its stake in shares of CB Financial Services by 7.9% during the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock worth $623,000 after purchasing an additional 2,100 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of 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 purchasing an additional 8,143 shares in the last quarter. Institutional investors and hedge funds own 33.06% of the company’s stock.

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.