Keefe, Bruyette & Woods Lowers CB Financial Services (NASDAQ:CBFV) Price Target to $39.00

CB Financial Services (NASDAQ:CBFV) had its price target dropped by equities researchers at Keefe, Bruyette & Woods from $40.00 to $39.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 8.85% from the company’s previous close.

A number of other equities research analysts also recently weighed in on CBFV. Weiss Ratings restated a “hold (c)” rating on shares of CB Financial Services in a research note on Monday, December 29th. Zacks Research lowered shares of CB Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $35.50.

CB Financial Services Trading Up 1.7%

CBFV opened at $35.83 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.23. CB Financial Services has a twelve month low of $26.01 and a twelve month high of $37.45. The stock has a market capitalization of $179.51 million, a price-to-earnings ratio of 39.37 and a beta of 0.32. The company has a 50-day simple moving average of $35.26 and a 200 day simple moving average of $33.40.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Tuesday, January 27th. The bank reported $0.72 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.11). The firm had revenue of $14.79 million during the quarter, compared to analyst estimates of $14.90 million. CB Financial Services had a net margin of 6.09% and a return on equity of 9.61%. Analysts predict that CB Financial Services will post 1.82 EPS for the current fiscal year.

Insider Activity

In related news, EVP Bruce A. Sharp bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of $32.80 per share, with a total value of $32,800.00. Following the completion of the purchase, the executive vice president directly owned 1,000 shares in the company, valued at $32,800. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.70% of the stock is owned by insiders.

Hedge Funds Weigh In On CB Financial Services

Several institutional investors have recently made changes to their positions in CBFV. Police & Firemen s Retirement System of New Jersey bought a new position in shares of CB Financial Services during the 2nd quarter worth about $30,000. BNP Paribas Financial Markets grew its stake in CB Financial Services by 89.7% in the third quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock valued at $45,000 after acquiring an additional 635 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of CB Financial Services by 902.9% during the second quarter. JPMorgan Chase & Co. now owns 2,457 shares of the bank’s stock valued at $70,000 after acquiring an additional 2,212 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of CB Financial Services during the second quarter worth approximately $73,000. Finally, Raymond James Financial Inc. acquired a new position in shares of CB Financial Services during the second quarter worth approximately $99,000. Institutional investors and hedge funds own 33.06% of the company’s stock.

CB Financial Services Company Profile

CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.

The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.