StockNews.com Initiates Coverage on CB Financial Services (NASDAQ:CBFV)

Stock analysts at StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report issued on Monday. The firm set a “hold” rating on the bank’s stock.

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

CB Financial Services Trading Up 0.4 %

CB Financial Services stock opened at $21.52 on Monday. The stock has a market cap of $110.61 million, a P/E ratio of 4.92 and a beta of 0.56. CB Financial Services has a 12 month low of $17.20 and a 12 month high of $27.02. The company’s fifty day simple moving average is $21.76 and its 200-day simple moving average is $22.43. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.25.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data on Wednesday, January 31st. The bank reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. CB Financial Services had a net margin of 26.15% and a return on equity of 10.26%. The firm had revenue of $27.65 million during the quarter, compared to analysts’ expectations of $12.90 million. As a group, sell-side analysts forecast that CB Financial Services will post 2.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CB Financial Services stock. Janney Montgomery Scott LLC lifted its stake in CB Financial Services, Inc. (NASDAQ:CBFV) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 323,381 shares of the bank’s stock after purchasing 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. 33.06% of the stock is currently owned by institutional investors.

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.