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

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

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

CB Financial Services Stock Down 0.1 %

Shares of NASDAQ CBFV opened at $22.22 on Wednesday. The stock has a market capitalization of $114.21 million, a P/E ratio of 5.05 and a beta of 0.56. CB Financial Services has a one year low of $19.96 and a one year high of $27.02. The firm’s 50 day simple moving average is $22.42 and its two-hundred day simple moving average is $22.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.89.

CB Financial Services (NASDAQ:CBFV) last issued 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. CB Financial Services had a net margin of 25.36% and a return on equity of 9.12%. The company had revenue of $13.51 million for the quarter, compared to analysts’ expectations of $12.10 million. As a group, analysts expect that CB Financial Services will post 2.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CB Financial Services stock. Empowered Funds LLC lifted its holdings in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 7.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,804 shares of the bank’s stock after acquiring an additional 2,100 shares during the quarter. Empowered Funds LLC owned approximately 0.56% of CB Financial Services worth $623,000 as of its most recent filing with the Securities & Exchange Commission. 33.06% of the stock is owned by hedge funds and other institutional investors.

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.