CB Financial Services Inc (NASDAQ:CBFV) – Research analysts at DA Davidson raised their Q2 2018 EPS estimates for shares of CB Financial Services in a research report issued to clients and investors on Monday. DA Davidson analyst R. Gunther now expects that the bank will earn $0.37 per share for the quarter, up from their previous estimate of $0.35. DA Davidson has a “Buy” rating and a $36.00 price target on the stock. DA Davidson also issued estimates for CB Financial Services’ FY2018 earnings at $2.05 EPS and FY2019 earnings at $2.75 EPS.
CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings results on Monday, February 12th. The bank reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.17). CB Financial Services had a net margin of 17.26% and a return on equity of 7.46%. The business had revenue of $9.52 million during the quarter, compared to analysts’ expectations of $9.63 million.
CB Financial Services (NASDAQ CBFV) opened at $30.55 on Thursday. 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. The company has a market cap of $122.64, a P/E ratio of 17.93, a P/E/G ratio of 1.63 and a beta of 0.36.
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in 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 acquiring an additional 1,021 shares in the last quarter. Wells Fargo & Company MN grew its position in 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 acquiring an additional 4,907 shares in the last quarter. Janney Capital Management LLC grew its position in 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 acquiring an additional 5,500 shares in the last quarter. Gendell Jeffrey L grew its position in 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 acquiring an additional 5,717 shares in the last quarter. Finally, Kennedy Capital Management Inc. grew its position in 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 acquiring an additional 9,574 shares in the last quarter. 21.29% of the stock is owned by institutional investors.
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.
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