CB Financial Services (NASDAQ:CBFV) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report issued on Sunday. The brokerage set a “hold” rating on the bank’s stock.

Separately, DA Davidson restated a “neutral” rating and set a $24.00 price target on shares of CB Financial Services in a research note on Monday, February 5th.

CB Financial Services Stock Performance

Shares of CBFV stock opened at $21.34 on Friday. The stock has a market capitalization of $109.69 million, a P/E ratio of 4.88 and a beta of 0.56. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $21.93 and its 200 day moving average is $22.43. CB Financial Services has a 12 month low of $17.20 and a 12 month high of $27.02.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $27.65 million for the quarter, compared to analysts’ expectations of $12.90 million. CB Financial Services had a net margin of 26.15% and a return on equity of 10.26%. On average, sell-side analysts anticipate that CB Financial Services will post 2.17 earnings per share for the current year.

Institutional Trading of CB Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in CB Financial Services by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 185,433 shares of the bank’s stock worth $4,451,000 after purchasing an additional 495 shares in the last quarter. Stifel Financial Corp lifted its stake in CB Financial Services by 4.2% in the 4th quarter. Stifel Financial Corp now owns 16,235 shares of the bank’s stock worth $387,000 after purchasing an additional 658 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CB Financial Services by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 41,109 shares of the bank’s stock valued at $835,000 after buying an additional 665 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of CB Financial Services by 9.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,701 shares of the bank’s stock valued at $254,000 after buying an additional 998 shares in the last quarter. Finally, State Street Corp raised its position in shares of CB Financial Services by 10.2% during the 2nd quarter. State Street Corp now owns 11,641 shares of the bank’s stock valued at $266,000 after buying an additional 1,080 shares in the last quarter. 33.06% of the stock is currently owned by hedge funds and other institutional investors.

About CB Financial Services

CB Financial Services, Inc operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products.