CB Financial Services (NASDAQ:CBFV) Now Covered by Analysts at StockNews.com

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

CBFV has been the subject of several other research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $24.00 price objective (down previously from $26.00) on shares of CB Financial Services in a research report on Thursday, May 2nd. DA Davidson reiterated a “neutral” rating and issued a $24.00 price target on shares of CB Financial Services in a report on Monday, February 5th.

CB Financial Services Stock Performance

NASDAQ CBFV opened at $22.40 on Wednesday. The business’s 50-day simple moving average is $21.74 and its 200-day simple moving average is $22.47. The firm has a market capitalization of $115.14 million, a P/E ratio of 5.09 and a beta of 0.54. CB Financial Services has a 1-year low of $17.20 and a 1-year high of $27.02. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.91 and a quick ratio of 0.91.

Hedge Funds Weigh In On CB Financial Services

An institutional investor recently raised its position in CB Financial Services stock. Janney Montgomery Scott LLC boosted its holdings in CB Financial Services, Inc. (NASDAQ:CBFV) by 3.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 323,381 shares of the bank’s stock after purchasing an additional 12,218 shares during the period. Janney Montgomery Scott LLC owned about 6.32% of CB Financial Services worth $6,920,000 at the end of the most recent reporting period. 33.06% of the stock is owned by institutional investors and hedge funds.

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.