CB Financial Services (CBFV) Rating Reiterated by Keefe, Bruyette & Woods

CB Financial Services (NASDAQ:CBFV)‘s stock had its “hold” rating reissued by analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Tuesday. They presently have a $34.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 9.22% from the company’s current price.

CBFV has been the subject of a number of other research reports. Zacks Investment Research raised shares of CB Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. DA Davidson upped their price target on shares of CB Financial Services to $36.00 and gave the stock a “buy” rating in a report on Tuesday. They noted that the move was a valuation call.

Shares of CB Financial Services (NASDAQ CBFV) traded up $1.53 during trading on Tuesday, hitting $31.13. 6,200 shares of the stock were exchanged, compared to its average volume of 3,637. CB Financial Services has a 12 month low of $25.10 and a 12 month high of $31.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $127.27, a P/E ratio of 16.83, a PEG ratio of 1.69 and a beta of 0.36.

Several institutional investors have recently modified their holdings of the company. Kennedy Capital Management Inc. lifted its holdings in shares of CB Financial Services by 10.5% during the 4th quarter. Kennedy Capital Management Inc. now owns 100,718 shares of the bank’s stock worth $3,022,000 after acquiring an additional 9,574 shares during the period. Gendell Jeffrey L lifted its stake in shares of CB Financial Services by 13.8% in the fourth quarter. Gendell Jeffrey L now owns 47,125 shares of the bank’s stock valued at $1,414,000 after buying an additional 5,717 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of CB Financial Services by 653.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,658 shares of the bank’s stock valued at $169,000 after buying an additional 4,907 shares in the last quarter. Janney Capital Management LLC lifted its stake in shares of CB Financial Services by 33.5% in the third quarter. Janney Capital Management LLC now owns 21,933 shares of the bank’s stock valued at $637,000 after buying an additional 5,500 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of CB Financial Services by 1.6% in the second quarter. Vanguard Group Inc. now owns 63,052 shares of the bank’s stock valued at $1,645,000 after buying an additional 1,021 shares in the last quarter. 21.29% of the stock is owned by institutional investors.

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CB Financial Services Company Profile

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.

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