Brokerages Anticipate CB Financial Services Inc (CBFV) to Post $0.48 Earnings Per Share

Shares of CB Financial Services Inc (NASDAQ:CBFV) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation. CB Financial Services’ rating score has improved by 50% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokerages have set a twelve-month consensus target price of $33.00 for the company and are anticipating that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CB Financial Services an industry rank of 17 out of 265 based on the ratings given to its competitors.

A number of brokerages recently commented on CBFV. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $30.00 price objective on shares of CB Financial Services in a research note on Wednesday, November 1st. Zacks Investment Research raised CB Financial Services from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Wednesday, November 1st.

A hedge fund recently raised its stake in CB Financial Services stock. Janney Capital Management LLC raised its holdings in CB Financial Services Inc (NASDAQ:CBFV) by 33.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,933 shares of the bank’s stock after acquiring an additional 5,500 shares during the period. Janney Capital Management LLC owned about 0.54% of CB Financial Services worth $637,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 21.30% of the company’s stock.

Shares of CB Financial Services (NASDAQ CBFV) opened at $31.10 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. CB Financial Services has a 52 week low of $25.10 and a 52 week high of $31.90. The company has a market capitalization of $127.16 and a price-to-earnings ratio of 16.81.

ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/02/brokerages-anticipate-cb-financial-services-inc-cbfv-to-post-0-48-earnings-per-share.html.

About CB Financial Services

CB Financial Services, Inc is the bank holding company for Community Bank (the Bank). The Company operates in community banking segment. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area.

Get a free copy of the Zacks research report on CB Financial Services (CBFV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CB Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CB Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply