CB Financial Services (NASDAQ:CBFV) Receives New Coverage from Analysts at StockNews.com

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

Separately, Keefe, Bruyette & Woods reiterated 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 5.4 %

Shares of NASDAQ:CBFV opened at $29.39 on Friday. The company’s fifty day moving average is $25.45 and its 200-day moving average is $23.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88. CB Financial Services has a 52 week low of $20.52 and a 52 week high of $29.39. The company has a market capitalization of $151.12 million, a PE ratio of 6.68 and a beta of 0.57.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. CB Financial Services had a net margin of 24.64% and a return on equity of 8.61%. The firm had revenue of $19.63 million for the quarter, compared to analysts’ expectations of $12.60 million. Equities research analysts predict that CB Financial Services will post 2.21 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.40%. CB Financial Services’s dividend payout ratio (DPR) is currently 22.73%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC acquired a new stake in shares of CB Financial Services in the 2nd quarter valued at $393,000. Empowered Funds LLC increased its position in CB Financial Services by 7.9% in the first quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock worth $623,000 after purchasing an additional 2,100 shares during the period. Finally, Acadian Asset Management LLC raised 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 purchasing an additional 1,119 shares during the last quarter. 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.