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

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

Several other equities analysts have also recently weighed in on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $25.00 price target (up from $24.00) on shares of CB Financial Services in a report on Monday, July 29th. 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 Price Performance

Shares of NASDAQ:CBFV opened at $28.89 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 0.87. The firm has a market cap of $147.92 million, a price-to-earnings ratio of 6.49 and a beta of 0.56. The business has a 50-day simple moving average of $28.24 and a two-hundred day simple moving average of $25.20. CB Financial Services has a fifty-two week low of $20.75 and a fifty-two week high of $29.90.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Friday, October 25th. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $21.01 million during 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%. On average, analysts expect that CB Financial Services will post 2.18 earnings per share for the current year.

Hedge Funds Weigh In On CB Financial Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC bought a new position in shares of CB Financial Services in the second quarter worth about $393,000. Acadian Asset Management LLC grew its stake in shares of CB Financial Services by 115.4% during the 2nd 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 period. Janney Montgomery Scott LLC increased its holdings in CB Financial Services by 2.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock worth $10,204,000 after acquiring an additional 8,143 shares in the last quarter. Empowered Funds LLC raised its stake in CB Financial Services by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after acquiring an additional 1,608 shares during the period. Finally, De Lisle Partners LLP lifted its holdings in CB Financial Services by 9.1% during 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 in 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.