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

Analysts at StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report released on Sunday. The brokerage set a “hold” rating on the bank’s stock.

Several other analysts have also recently commented on CBFV. DA Davidson lifted 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 note on Tuesday, October 29th. Keefe, Bruyette & Woods reaffirmed 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 report on Monday, July 29th.

CB Financial Services Stock Up 0.4 %

Shares of NASDAQ:CBFV opened at $30.11 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $154.28 million, a P/E ratio of 6.77 and a beta of 0.56. CB Financial Services has a 52-week low of $20.75 and a 52-week high of $30.24. The stock’s fifty day simple moving average is $28.55 and its 200-day simple moving average is $25.50.

CB Financial Services (NASDAQ:CBFV) last released its earnings results on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $21.01 million for the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. As a group, equities research analysts forecast that CB Financial Services will post 2.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC grew its holdings in CB Financial Services by 115.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after acquiring an additional 1,119 shares in the last quarter. Barclays PLC lifted its position in shares of CB Financial Services by 12.7% during the third quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after purchasing an additional 943 shares during the last quarter. Fourthstone LLC acquired a new position in CB Financial Services in the third quarter worth about $373,000. Commonwealth Equity Services LLC bought a new stake in CB Financial Services in the second quarter valued at about $393,000. Finally, De Lisle Partners LLP increased 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 valued at $823,000 after buying an additional 2,429 shares during the last quarter. Institutional investors and hedge funds 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.