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

StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report issued on Tuesday. The brokerage issued a hold rating on the bank’s stock.

Separately, DA Davidson restated a neutral rating and set a $24.00 price objective on shares of CB Financial Services in a research report on Monday, February 5th.

CB Financial Services Trading Down 0.3 %

Shares of CBFV opened at $22.21 on Tuesday. The firm has a market cap of $114.16 million, a P/E ratio of 5.05 and a beta of 0.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.91 and a quick ratio of 0.91. CB Financial Services has a 1 year low of $17.20 and a 1 year high of $27.02. The company has a 50 day simple moving average of $21.72 and a two-hundred day simple moving average of $22.44.

CB Financial Services (NASDAQ:CBFV) last posted its earnings results on Wednesday, January 31st. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $27.65 million during the quarter, compared to analysts’ expectations of $12.90 million. CB Financial Services had a net margin of 25.36% and a return on equity of 9.45%. On average, equities analysts expect that CB Financial Services will post 2.17 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.50%. The ex-dividend date is Tuesday, May 14th. CB Financial Services’s dividend payout ratio is presently 22.73%.

Hedge Funds Weigh In On CB Financial Services

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

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.