StockNews.com Initiates Coverage on CB Financial Services (NASDAQ:CBFV)

StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research note published on Saturday morning. The firm issued a hold rating on the bank’s stock.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $25.00 target price (up from $24.00) on shares of CB Financial Services in a report on Monday, July 29th. DA Davidson boosted their target price on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

CB Financial Services Price Performance

Shares of NASDAQ CBFV opened at $29.26 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $149.81 million, a PE ratio of 6.58 and a beta of 0.56. CB Financial Services has a 1-year low of $20.75 and a 1-year high of $29.90. The business’s fifty day moving average price is $28.34 and its two-hundred day moving average price is $25.29.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings results on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. On average, research analysts expect that CB Financial Services will post 2.18 EPS for the current year.

CB Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 3.42%. CB Financial Services’s dividend payout ratio is presently 22.47%.

Institutional Trading of CB Financial Services

Several hedge funds and other institutional investors have recently modified their holdings of CBFV. Commonwealth Equity Services LLC acquired a new position in CB Financial Services in the 2nd quarter worth about $393,000. Fourthstone LLC bought a new position in CB Financial Services during the third quarter valued at approximately $373,000. Janney Montgomery Scott LLC lifted its stake in CB Financial Services by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after acquiring an additional 8,143 shares during the last quarter. Geode Capital Management LLC grew its position in CB Financial Services by 9.7% in the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock worth $1,352,000 after acquiring an additional 4,295 shares in the last quarter. Finally, De Lisle Partners LLP increased its stake in shares of CB Financial Services by 9.1% during the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after purchasing an additional 2,429 shares during 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.