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

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

Several other equities research analysts have also recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $25.00 price target (up from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th. DA Davidson upped their target price on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th.

CB Financial Services Trading Up 0.7 %

NASDAQ:CBFV opened at $28.89 on Friday. The company has a 50-day moving average price of $28.24 and a 200-day moving average price of $25.20. The stock has a market cap of $147.92 million, a price-to-earnings ratio of 6.49 and a beta of 0.56. The company has a current ratio of 0.87, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. CB Financial Services has a 12 month low of $20.75 and a 12 month high of $29.90.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data on Friday, October 25th. The bank reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. The business had revenue of $21.01 million during the quarter, compared to analyst estimates of $12.60 million. Equities analysts predict that CB Financial Services will post 2.18 EPS for the current year.

Institutional Investors Weigh In On CB Financial Services

Several hedge funds have recently added to or reduced their stakes in CBFV. Janney Montgomery Scott LLC raised its position in shares of CB Financial Services by 2.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock worth $10,204,000 after purchasing an additional 8,143 shares during the last quarter. Geode Capital Management LLC grew its position in CB Financial Services by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock valued at $1,352,000 after purchasing an additional 4,295 shares during the last quarter. Empowered Funds LLC increased its stake in CB Financial Services by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock valued at $911,000 after purchasing an additional 1,608 shares in the last quarter. De Lisle Partners LLP raised its holdings in CB Financial Services by 9.1% in the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after buying an additional 2,429 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of CB Financial Services in the second quarter worth approximately $393,000. 33.06% of the stock is 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.