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

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

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $25.00 price objective (up from $24.00) on shares of CB Financial Services in a report on Monday, July 29th.

CB Financial Services Price Performance

CBFV opened at $27.96 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $143.77 million, a P/E ratio of 6.35 and a beta of 0.57. The company’s 50 day simple moving average is $26.06 and its 200-day simple moving average is $23.56. CB Financial Services has a one year low of $20.52 and a one year high of $29.50.

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 analysts’ consensus estimates of $0.52. The firm had revenue of $19.63 million for the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. Sell-side analysts anticipate that CB Financial Services will post 2.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CB Financial Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its position 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 buying an additional 1,119 shares during the period. Commonwealth Equity Services LLC bought a new position in CB Financial Services during the 2nd quarter worth approximately $393,000. Finally, Empowered Funds LLC grew its holdings in CB Financial Services by 7.9% during the first quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after purchasing an additional 2,100 shares during the period. 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.