CB Financial Services (NASDAQ:CBFV) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $24.00 price objective (down previously from $26.00) on shares of CB Financial Services in a research note on Thursday, May 2nd.

CB Financial Services Stock Performance

CB Financial Services stock opened at $22.07 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $113.44 million, a P/E ratio of 5.02 and a beta of 0.55. The stock’s 50 day moving average is $22.33 and its 200 day moving average is $22.69. CB Financial Services has a twelve month low of $19.96 and a twelve month high of $27.02.

CB Financial Services (NASDAQ:CBFV) last released its earnings results on Friday, April 26th. The bank reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. The business had revenue of $13.51 million during the quarter, compared to analysts’ expectations of $12.10 million. CB Financial Services had a net margin of 25.36% and a return on equity of 9.12%. On average, equities research analysts predict that CB Financial Services will post 2.22 earnings per share for the current fiscal year.

Institutional Trading of CB Financial Services

A hedge fund recently raised its stake in CB Financial Services stock. Empowered Funds LLC grew its position in CB Financial Services, Inc. (NASDAQ:CBFV) by 7.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,804 shares of the bank’s stock after buying an additional 2,100 shares during the period. Empowered Funds LLC owned 0.56% of CB Financial Services worth $623,000 as of its most recent SEC filing. Institutional investors own 33.06% of the company’s stock.

About CB Financial Services

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.