Q4 Earnings Forecast for CBFV Issued By DA Davidson

CB Financial Services, Inc. (NASDAQ:CBFV) – Stock analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of CB Financial Services in a report issued on Wednesday, October 30th. DA Davidson analyst M. Navas expects that the bank will post earnings of $0.44 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $27.00 target price on the stock. The consensus estimate for CB Financial Services’ current full-year earnings is $2.19 per share.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Friday, October 25th. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. CB Financial Services had a net margin of 24.51% and a return on equity of 8.39%. The company had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $12.60 million.

A number of other brokerages have also recently commented on CBFV. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $25.00 price target (up from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th. StockNews.com began coverage on shares of CB Financial Services in a report on Thursday. They issued a “hold” rating on the stock.

CB Financial Services Stock Down 0.3 %

CBFV opened at $28.57 on Friday. CB Financial Services has a 12 month low of $20.75 and a 12 month high of $29.50. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $27.82 and its 200-day moving average price is $24.67. The company has a market cap of $146.85 million, a P/E ratio of 6.42 and a beta of 0.57.

CB Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Friday, November 15th. CB Financial Services’s dividend payout ratio (DPR) is currently 22.47%.

Institutional Investors Weigh In On CB Financial Services

A number of large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its stake 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 worth $10,204,000 after acquiring an additional 8,143 shares during the period. Acadian Asset Management LLC raised its holdings 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 in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of CB Financial Services in the 2nd quarter worth about $393,000. Finally, Empowered Funds LLC boosted its stake in shares of CB Financial Services by 7.9% during the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after purchasing an additional 2,100 shares in the last quarter. 33.06% of the stock is currently owned by institutional investors.

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.