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

Equities researchers at StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV) in a note issued to investors on Wednesday. The firm set a “hold” rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $25.00 price objective (up previously from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th.

CB Financial Services Stock Up 1.1 %

Shares of CBFV opened at $28.89 on Wednesday. The business’s 50 day moving average is $27.33 and its 200 day moving average is $24.31. The company has a market capitalization of $148.55 million, a PE ratio of 6.57 and a beta of 0.57. CB Financial Services has a 12-month low of $20.75 and a 12-month high of $29.50. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Wednesday, July 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $19.63 million for the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. Research analysts expect that CB Financial Services will post 2.19 earnings per share for the current fiscal year.

Institutional Trading of CB Financial Services

A number of large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in shares of CB Financial Services by 7.9% in the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock worth $623,000 after purchasing an additional 2,100 shares during the period. Commonwealth Equity Services LLC purchased a new position in shares of CB Financial Services in the 2nd quarter worth approximately $393,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of CB Financial Services by 115.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after purchasing an additional 1,119 shares during the period. 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.