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

Analysts at StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

Separately, 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 report on Tuesday, October 29th.

CB Financial Services Trading Up 0.7 %

Shares of NASDAQ:CBFV opened at $31.94 on Tuesday. CB Financial Services has a 12-month low of $20.75 and a 12-month high of $33.72. The stock has a market cap of $163.66 million, a PE ratio of 7.18 and a beta of 0.58. The business has a 50 day moving average of $29.76 and a 200-day moving average of $26.52. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23.

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

Insider Activity

In other CB Financial Services news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $32.63, for a total transaction of $111,431.45. Following the completion of the transaction, the insider now directly owns 15,194 shares in the company, valued at $495,780.22. The trade was a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 4,165 shares of company stock worth $136,548. Corporate insiders own 9.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in shares of CB Financial Services by 2.3% in the third 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 stake in shares of CB Financial Services by 9.7% in the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock worth $1,352,000 after purchasing an additional 4,295 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of CB Financial Services in the third quarter worth $941,000. Empowered Funds LLC grew its stake in shares of CB Financial Services by 5.2% in the third quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after purchasing an additional 1,608 shares during the last quarter. Finally, De Lisle Partners LLP grew its stake in shares of 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 purchasing an additional 2,429 shares during the last quarter. 33.06% of the stock is currently owned by institutional investors and hedge funds.

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.