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

StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report published on Monday. The brokerage issued a hold rating on the bank’s stock.

Separately, DA Davidson increased their target price on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th.

CB Financial Services Price Performance

CBFV stock opened at $32.63 on Monday. CB Financial Services has a 12-month low of $20.75 and a 12-month high of $32.99. The stock has a 50-day moving average price of $28.90 and a two-hundred day moving average price of $25.83. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The company has a market cap of $167.07 million, a PE ratio of 7.33 and a beta of 0.56.

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

CB Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Friday, November 15th. CB Financial Services’s dividend payout ratio is currently 22.47%.

Institutional Investors Weigh In On CB Financial Services

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of CB Financial Services during the 3rd quarter valued at approximately $941,000. Barclays PLC raised its position in shares of CB Financial Services by 12.7% during the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after acquiring an additional 943 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CB Financial Services by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock valued at $1,352,000 after acquiring an additional 4,295 shares in the last quarter. Fourthstone LLC acquired a new stake in shares of CB Financial Services during the 3rd quarter valued at approximately $373,000. Finally, De Lisle Partners LLP raised its position in shares of CB Financial Services by 9.1% during the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock valued at $823,000 after acquiring an additional 2,429 shares in the last quarter. 33.06% of the stock is owned by institutional investors and hedge funds.

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.