CB Financial Services (NASDAQ:CBFV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research note issued on Tuesday. The firm set a “hold” rating on the bank’s stock.

Separately, DA Davidson restated a “neutral” rating and set a $24.00 price objective on shares of CB Financial Services in a research report on Monday, February 5th.

CB Financial Services Stock Up 0.4 %

CB Financial Services stock opened at $22.30 on Tuesday. The stock has a 50 day moving average of $21.72 and a two-hundred day moving average of $22.44. CB Financial Services has a twelve month low of $17.20 and a twelve month high of $27.02. The stock has a market capitalization of $114.62 million, a price-to-earnings ratio of 5.07 and a beta of 0.56. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.25.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings results on Wednesday, January 31st. The bank reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. CB Financial Services had a return on equity of 9.45% and a net margin of 25.36%. The firm had revenue of $27.65 million during the quarter, compared to the consensus estimate of $12.90 million. As a group, research analysts expect that CB Financial Services will post 2.17 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CB Financial Services stock. Janney Montgomery Scott LLC increased its position in CB Financial Services, Inc. (NASDAQ:CBFV) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 323,381 shares of the bank’s stock after acquiring an additional 12,218 shares during the period. Janney Montgomery Scott LLC owned approximately 6.32% of CB Financial Services worth $6,920,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 33.06% of the company’s stock.

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.