Stock analysts at StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV – Get Free Report) in a research report issued on Wednesday. The brokerage set a “hold” rating on the bank’s stock.
Separately, Keefe, Bruyette & Woods reiterated 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.
Check Out Our Latest Report on CBFV
CB Financial Services Stock Performance
CB Financial Services (NASDAQ:CBFV – Get Free Report) last released its earnings results on Wednesday, July 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. The firm had revenue of $19.63 million during the quarter, compared to analyst estimates of $12.60 million. On average, research analysts predict that CB Financial Services will post 2.19 EPS for the current fiscal year.
Institutional Trading of CB Financial Services
A number of hedge funds and other institutional investors have recently bought and sold shares of CBFV. Acadian Asset Management LLC increased 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 valued at $46,000 after acquiring an additional 1,119 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in CB Financial Services in the second quarter valued at approximately $393,000. Finally, Empowered Funds LLC increased its stake in CB Financial Services by 7.9% in the first quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after purchasing an additional 2,100 shares during the last quarter. 33.06% of the stock is currently owned by institutional investors and hedge funds.
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.
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