Q3 2018 Earnings Forecast for CB Financial Services Inc (CBFV) Issued By DA Davidson

CB Financial Services Inc (NASDAQ:CBFV) – Stock analysts at DA Davidson decreased their Q3 2018 EPS estimates for CB Financial Services in a report released on Monday. DA Davidson analyst R. Gunther now expects that the bank will post earnings per share of $0.42 for the quarter, down from their previous forecast of $0.44. DA Davidson currently has a “Buy” rating and a $36.00 target price on the stock. DA Davidson also issued estimates for CB Financial Services’ Q4 2018 earnings at $0.59 EPS, Q1 2019 earnings at $0.70 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.70 EPS and Q4 2019 earnings at $0.70 EPS.

CBFV has been the topic of several other reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 price target on shares of CB Financial Services in a research report on Wednesday, November 1st. Zacks Investment Research raised CB Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd.

Shares of CB Financial Services (NASDAQ CBFV) opened at $29.94 on Wednesday. The stock has a market capitalization of $127.27, a PE ratio of 16.83, a PEG ratio of 1.69 and a beta of 0.36. CB Financial Services has a 1 year low of $25.10 and a 1 year high of $31.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBFV. 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 during the period. 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 during the period. 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 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 during the period. Finally, Kennedy Capital Management Inc. lifted its stake in shares of CB Financial Services by 10.5% in the fourth quarter. Kennedy Capital Management Inc. now owns 100,718 shares of the bank’s stock valued at $3,022,000 after buying an additional 9,574 shares during the period. Institutional investors and hedge funds own 21.29% of the company’s stock.

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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.

Earnings History and Estimates for CB Financial Services (NASDAQ:CBFV)

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