CB Financial Services (NASDAQ:CBFV) Releases Quarterly Earnings Results

CB Financial Services (NASDAQ:CBFV) issued its earnings results on Tuesday. The bank reported $0.72 earnings per share (EPS) for the quarter, FiscalAI reports. CB Financial Services had a return on equity of 8.42% and a net margin of 3.37%.The business had revenue of $14.79 million for the quarter.

CB Financial Services Stock Performance

CBFV traded down $0.04 during trading on Tuesday, reaching $35.06. 1,493 shares of the company’s stock were exchanged, compared to its average volume of 3,692. CB Financial Services has a fifty-two week low of $26.01 and a fifty-two week high of $37.45. The company has a market capitalization of $175.66 million, a P/E ratio of 73.03 and a beta of 0.32. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $35.08 and a 200 day moving average price of $33.28.

Insider Transactions at CB Financial Services

In related news, EVP Bruce A. Sharp acquired 1,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was bought at an average cost of $32.80 per share, with a total value of $32,800.00. Following the completion of the acquisition, the executive vice president owned 1,000 shares in the company, valued at $32,800. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On CB Financial Services

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in shares of CB Financial Services by 1.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 340,462 shares of the bank’s stock valued at $9,703,000 after purchasing an additional 3,816 shares during the period. Vanguard Group Inc. lifted its stake in CB Financial Services by 158.5% in the third quarter. Vanguard Group Inc. now owns 246,068 shares of the bank’s stock valued at $8,172,000 after buying an additional 150,873 shares in the last quarter. M3F Inc. boosted its holdings in shares of CB Financial Services by 79.8% in the second quarter. M3F Inc. now owns 175,358 shares of the bank’s stock valued at $4,998,000 after buying an additional 77,809 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of CB Financial Services by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 166,918 shares of the bank’s stock worth $4,757,000 after acquiring an additional 2,044 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of CB Financial Services by 112.2% during the second quarter. Geode Capital Management LLC now owns 107,608 shares of the bank’s stock worth $3,067,000 after acquiring an additional 56,889 shares during the period. 33.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on CBFV shares. Weiss Ratings reiterated a “hold (c)” rating on shares of CB Financial Services in a report on Monday, December 29th. Zacks Research downgraded shares of CB Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of CB Financial Services from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, CB Financial Services has a consensus rating of “Hold” and an average price target of $36.00.

About CB Financial Services

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.