Shares of CB Financial Services Inc (NASDAQ:CBFV) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus target price of $29.00 for the company and are predicting that the company will post $0.49 earnings per share for the current quarter, according to Zacks. Zacks has also given CB Financial Services an industry rank of 156 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.
In related news, Director Joseph N. Headlee purchased 2,000 shares of CB Financial Services stock in a transaction on Tuesday, May 28th. The shares were bought at an average price of $23.60 per share, with a total value of $47,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired a total of 3,575 shares of company stock worth $84,859 in the last ninety days. 7.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in shares of CB Financial Services by 3.5% during the 4th quarter. BlackRock Inc. now owns 222,109 shares of the bank’s stock worth $5,505,000 after acquiring an additional 7,609 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of CB Financial Services by 0.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 170,179 shares of the bank’s stock worth $4,038,000 after acquiring an additional 932 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CB Financial Services by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 51,018 shares of the bank’s stock worth $1,264,000 after acquiring an additional 1,955 shares in the last quarter. Context BH Capital Management LP acquired a new stake in shares of CB Financial Services during the 4th quarter worth about $960,000. Finally, First Trust Advisors LP raised its position in shares of CB Financial Services by 18.7% during the 4th quarter. First Trust Advisors LP now owns 8,979 shares of the bank’s stock worth $222,000 after acquiring an additional 1,414 shares in the last quarter. 27.30% of the stock is currently owned by institutional investors.
CB Financial Services stock traded up $0.10 during midday trading on Wednesday, reaching $25.10. 67,507 shares of the stock traded hands, compared to its average volume of 42,465. The business has a 50-day simple moving average of $23.98. CB Financial Services has a 12-month low of $22.77 and a 12-month high of $35.00. The firm has a market capitalization of $134.66 million, a price-to-earnings ratio of 14.85, a PEG ratio of 1.19 and a beta of 0.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85.
CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Tuesday, April 30th. The bank reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. CB Financial Services had a return on equity of 6.84% and a net margin of 15.67%. The company had revenue of $12.75 million during the quarter, compared to analysts’ expectations of $13.14 million. On average, analysts expect that CB Financial Services will post 2.1 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Monday, June 10th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date was Friday, June 7th. CB Financial Services’s dividend payout ratio is currently 56.80%.
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 southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts.
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