Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for CB Financial Services (NASDAQ:CBFV) Stock

CB Financial Services (NASDAQ:CBFV) had its price objective upped by research analysts at Keefe, Bruyette & Woods from $40.00 to $41.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 8.59% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. DA Davidson raised their price target on shares of CB Financial Services from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of CB Financial Services in a report on Wednesday, June 24th. Finally, Zacks Research raised shares of CB Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, CB Financial Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

CB Financial Services Stock Performance

CBFV opened at $37.76 on Monday. The company has a market capitalization of $191.42 million, a price-to-earnings ratio of 27.97 and a beta of 0.28. The business’s 50-day moving average price is $36.68 and its two-hundred day moving average price is $35.72. CB Financial Services has a 1 year low of $30.00 and a 1 year high of $38.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.87 and a quick ratio of 0.87.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Monday, July 27th. The bank reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.09. The company had revenue of $15.53 million during the quarter, compared to analysts’ expectations of $15.40 million. CB Financial Services had a return on equity of 10.17% and a net margin of 8.52%. Equities analysts expect that CB Financial Services will post 3.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CBFV. Geode Capital Management LLC raised its holdings in shares of CB Financial Services by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 106,009 shares of the bank’s stock valued at $3,696,000 after purchasing an additional 386 shares during the period. Bridgeway Capital Management LLC grew its holdings in CB Financial Services by 0.8% during the second quarter. Bridgeway Capital Management LLC now owns 65,537 shares of the bank’s stock worth $1,868,000 after purchasing an additional 537 shares during the period. Citadel Advisors LLC grew its holdings in CB Financial Services by 8.0% during the third quarter. Citadel Advisors LLC now owns 8,576 shares of the bank’s stock worth $285,000 after purchasing an additional 632 shares during the period. BNP Paribas Financial Markets increased its position in CB Financial Services by 89.7% during the third quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock worth $45,000 after buying an additional 635 shares during the last quarter. Finally, Barclays PLC increased its position in CB Financial Services by 5.1% during the fourth quarter. Barclays PLC now owns 14,577 shares of the bank’s stock worth $508,000 after buying an additional 701 shares during the last quarter. Institutional investors and hedge funds own 33.06% of the company’s stock.

CB Financial Services Company Profile

CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.

The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.