CB Financial Services (NASDAQ:CBFV) Rating Increased to Hold at StockNews.com

CB Financial Services (NASDAQ:CBFV) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

CB Financial Services Stock Performance

NASDAQ:CBFV opened at $29.08 on Wednesday. CB Financial Services has a 12-month low of $20.75 and a 12-month high of $33.72. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $148.37 million, a PE ratio of 12.17 and a beta of 0.36. The firm has a 50-day moving average price of $28.10 and a 200 day moving average price of $29.04.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.07. The company had revenue of $12.10 million during the quarter, compared to analyst estimates of $12.69 million. CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. Research analysts anticipate that CB Financial Services will post 1.82 earnings per share for the current fiscal year.

Insider Buying and Selling at CB Financial Services

In other news, Director John Swiatek sold 2,500 shares of CB Financial Services stock in a transaction on Friday, April 25th. The shares were sold at an average price of $29.02, for a total transaction of $72,550.00. Following the transaction, the director now directly owns 11,494 shares of the company’s stock, valued at $333,555.88. This trade represents a 17.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.40% of the company’s stock.

Hedge Funds Weigh In On CB Financial Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. ORG Partners LLC bought a new position in shares of CB Financial Services during the first quarter worth $211,000. Millennium Management LLC acquired a new position in CB Financial Services in the 4th quarter worth $301,000. Fiduciary Trust Co bought a new position in CB Financial Services during the 4th quarter worth about $266,000. Bank of America Corp DE raised its stake in shares of CB Financial Services by 1,093.4% in the 4th quarter. Bank of America Corp DE now owns 3,807 shares of the bank’s stock valued at $109,000 after purchasing an additional 3,488 shares during the period. Finally, Ameriprise Financial Inc. bought a new stake in shares of CB Financial Services in the fourth quarter valued at about $323,000. 33.06% of the stock is owned by 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.