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

Equities research analysts at StockNews.com started coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report released on Sunday. The brokerage set a “hold” rating on the bank’s stock.

A number of other research analysts have also recently commented on the stock. DA Davidson increased their price target on shares of CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $25.00 target price (up previously from $24.00) on shares of CB Financial Services in a report on Monday, July 29th.

CB Financial Services Price Performance

CBFV stock opened at $30.00 on Friday. The firm has a 50 day simple moving average of $28.50 and a two-hundred day simple moving average of $25.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $153.60 million, a PE ratio of 6.74 and a beta of 0.56. CB Financial Services has a one year low of $20.75 and a one year high of $30.00.

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, beating analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $21.01 million for 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, analysts predict that CB Financial Services will post 2.18 EPS for the current fiscal year.

Institutional Trading of CB Financial Services

Several hedge funds and other institutional investors have recently bought and sold shares of CBFV. Commonwealth Equity Services LLC bought a new position in shares of CB Financial Services in the second quarter worth approximately $393,000. Fourthstone LLC purchased a new stake in CB Financial Services during the 3rd quarter valued at $373,000. Janney Montgomery Scott LLC grew its holdings in CB Financial Services by 2.3% in the 3rd 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 last quarter. Geode Capital Management LLC increased its position in shares of CB Financial Services by 9.7% in the third 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 during the period. Finally, De Lisle Partners LLP raised its stake in shares of CB Financial Services by 9.1% during the third 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 during the last quarter. 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.