CB Financial Services (NASDAQ:CBFV) Releases Earnings Results, Beats Expectations By $0.04 EPS

CB Financial Services (NASDAQ:CBFV) issued its quarterly earnings data on Friday. The bank reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04, Zacks reports. The company had revenue of $21.01 million during the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%.

CB Financial Services Trading Down 1.3 %

CBFV stock opened at $28.50 on Monday. The company has a market capitalization of $146.55 million, a PE ratio of 6.48 and a beta of 0.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88. CB Financial Services has a one year low of $20.75 and a one year high of $29.50. The company’s 50 day moving average price is $27.49 and its two-hundred day moving average price is $24.44.

Wall Street Analyst Weigh In

A number of research firms have commented on CBFV. StockNews.com assumed coverage on shares of CB Financial Services in a research note on Wednesday, October 23rd. They issued a “hold” rating for the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $25.00 target price (up previously from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th.

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.