CB Financial Services (NASDAQ:CBFV) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research note published on Saturday morning. The firm issued a hold rating on the bank’s stock.

Several other equities research analysts have also commented on the company. DA Davidson upped their price target on 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 reissued a “market perform” rating and set a $25.00 target price (up previously from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th.

CB Financial Services Price Performance

CB Financial Services stock opened at $29.02 on Friday. CB Financial Services has a 1 year low of $20.75 and a 1 year high of $29.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 0.87. The firm has a 50 day moving average price of $28.29 and a 200 day moving average price of $25.24. The company has a market cap of $148.58 million, a price-to-earnings ratio of 6.52 and a beta of 0.56.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly 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 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%. Sell-side analysts predict that CB Financial Services will post 2.18 earnings per share for the current year.

CB Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 3.45%. CB Financial Services’s dividend payout ratio is currently 22.47%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC acquired a new stake in shares of CB Financial Services in the second quarter valued at about $393,000. Fourthstone LLC purchased a new position in CB Financial Services in the 3rd quarter worth approximately $373,000. Janney Montgomery Scott LLC grew its position in CB Financial Services by 2.3% in the third 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of CB Financial Services by 9.7% during the third 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 period. Finally, De Lisle Partners LLP raised its stake in shares of CB Financial Services by 9.1% during the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock valued at $823,000 after purchasing an additional 2,429 shares during the period. Institutional investors and hedge funds 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.