StockNews.com Begins Coverage on CB Financial Services (NASDAQ:CBFV)

StockNews.com initiated coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report released on Saturday. The firm set a “hold” rating on the bank’s stock.

A number of other equities analysts also recently issued reports on CBFV. DA Davidson upped their price target on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $25.00 price objective (up from $24.00) on shares of CB Financial Services in a report on Monday, July 29th.

CB Financial Services Stock Performance

Shares of CB Financial Services stock opened at $28.89 on Friday. CB Financial Services has a one year low of $20.75 and a one year high of $29.90. The company has a market cap of $147.92 million, a PE ratio of 6.49 and a beta of 0.56. 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 business has a 50-day simple moving average of $28.19 and a 200-day simple moving average of $25.11.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. On average, equities research analysts forecast that CB Financial Services will post 2.18 EPS for the current fiscal year.

Institutional Trading of CB Financial Services

A number of institutional investors have recently modified their holdings of CBFV. Acadian Asset Management LLC boosted its position in CB Financial Services by 115.4% during the second 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. Barclays PLC grew its stake in shares of CB Financial Services by 12.7% in the third quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after buying an additional 943 shares in the last quarter. Fourthstone LLC purchased a new position in CB Financial Services in the third quarter valued at about $373,000. Commonwealth Equity Services LLC purchased a new position in CB Financial Services in the second quarter valued at about $393,000. Finally, De Lisle Partners LLP boosted its holdings in CB Financial Services by 9.1% in 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 last quarter. 33.06% of the stock is currently owned by hedge funds and other 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.