CB Financial Services (NASDAQ:CBFV) Now Covered by StockNews.com

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

Several other brokerages have also recently issued reports on CBFV. Keefe, Bruyette & Woods restated a “market perform” rating and set a $25.00 target price (up from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th. DA Davidson boosted their price objective on CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday.

CB Financial Services Stock Performance

NASDAQ:CBFV opened at $28.65 on Thursday. The company has a market cap of $147.32 million, a price-to-earnings ratio of 6.51 and a beta of 0.57. CB Financial Services has a 1 year low of $20.75 and a 1 year high of $29.50. The stock’s 50 day simple moving average is $27.69 and its two-hundred day simple moving average is $24.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88.

CB Financial Services (NASDAQ:CBFV) last posted its earnings results on Friday, October 25th. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $21.01 million during the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a net margin of 24.64% and a return on equity of 8.61%. As a group, equities analysts anticipate that CB Financial Services will post 2.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CB Financial Services

A number of large investors have recently made changes to their positions in CBFV. Acadian Asset Management LLC lifted its stake in CB Financial Services by 115.4% in the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after purchasing an additional 1,119 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of CB Financial Services during the 2nd quarter worth approximately $393,000. Empowered Funds LLC lifted its stake in shares of CB Financial Services by 7.9% during the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock worth $623,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in CB Financial Services by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after acquiring an additional 8,143 shares during the period. 33.06% of the stock is owned by hedge funds and other 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.