Equities researchers at StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV – Get Free Report) in a research note issued on Sunday. The firm set a “hold” rating on the bank’s stock.
Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $25.00 price target (up previously from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th.
Read Our Latest Research Report on CB Financial Services
CB Financial Services Price Performance
CB Financial Services (NASDAQ:CBFV – Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The bank reported $0.52 EPS for the quarter, meeting 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 business had revenue of $19.63 million during the quarter, compared to analyst estimates of $12.60 million. On average, equities research analysts forecast that CB Financial Services will post 2.21 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of CBFV. Commonwealth Equity Services LLC bought a new stake in shares of CB Financial Services in the 2nd quarter worth about $393,000. Empowered Funds LLC raised its position in CB Financial Services by 7.9% in the 1st 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 position in CB Financial Services by 115.4% in 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 period. Institutional investors 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.
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