CB Financial Services (NASDAQ:CBFV) Now Covered by Analysts at StockNews.com

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

Separately, Keefe, Bruyette & Woods restated a market perform rating and issued a $25.00 price target (up previously from $24.00) on shares of CB Financial Services in a report on Monday, July 29th.

CB Financial Services Trading Up 0.5 %

NASDAQ:CBFV opened at $27.09 on Friday. CB Financial Services has a 1 year low of $20.52 and a 1 year high of $28.39. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a fifty day moving average price of $24.88 and a two-hundred day moving average price of $23.06. The stock has a market capitalization of $139.24 million, a price-to-earnings ratio of 6.16 and a beta of 0.57.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. CB Financial Services had a net margin of 24.64% and a return on equity of 8.61%. The firm had revenue of $19.63 million during the quarter, compared to analysts’ expectations of $12.60 million. As a group, sell-side analysts anticipate that CB Financial Services will post 2.21 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 3.69%. CB Financial Services’s dividend payout ratio (DPR) is currently 22.73%.

Institutional Trading of CB Financial Services

Several institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC increased its stake in shares of CB Financial Services by 115.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after purchasing an additional 1,119 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in CB Financial Services during the second quarter worth $393,000. Empowered Funds LLC raised its holdings in shares of CB Financial Services by 7.9% in the first quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock worth $623,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of CB Financial Services by 1.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 326,985 shares of the bank’s stock worth $7,786,000 after acquiring an additional 3,604 shares during the last quarter. Hedge funds and other institutional investors own 33.06% of the company’s stock.

CB Financial Services Company Profile

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.