CB Financial Services (NASDAQ:CBFV) Earns Hold Rating from Analysts at StockNews.com

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

Several other research firms have also weighed in on CBFV. DA Davidson lifted their price objective on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $25.00 target price (up from $24.00) on shares of CB Financial Services in a report on Monday, July 29th.

CB Financial Services Stock Performance

CBFV stock opened at $28.95 on Friday. CB Financial Services has a twelve month low of $20.75 and a twelve month high of $29.90. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The company has a market cap of $148.80 million, a P/E ratio of 6.52 and a beta of 0.56. The business’s fifty day moving average is $28.02 and its 200-day moving average is $24.96.

CB Financial Services (NASDAQ:CBFV) last released its earnings results on Friday, October 25th. The bank reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. The firm had revenue of $21.01 million for the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a return on equity of 8.39% and a net margin of 24.51%. Equities research analysts forecast that CB Financial Services will post 2.18 EPS for the current year.

CB Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, November 15th. CB Financial Services’s dividend payout ratio (DPR) is presently 22.47%.

Institutional Trading of CB Financial Services

A number of large investors have recently bought and sold shares of the business. Acadian Asset Management LLC lifted its stake in CB Financial Services by 115.4% in the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after buying an additional 1,119 shares in the last quarter. Empowered Funds LLC boosted its stake in CB Financial Services by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after purchasing an additional 1,608 shares during the period. Janney Montgomery Scott LLC increased its holdings in CB Financial Services by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock worth $10,204,000 after purchasing an additional 8,143 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of CB Financial Services in the 2nd quarter valued at about $393,000. 33.06% of the stock is 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.