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

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

A number of other equities analysts have also weighed in on CBFV. Keefe, Bruyette & Woods reiterated 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. DA Davidson lifted their target price on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th.

CB Financial Services Stock Performance

CB Financial Services stock opened at $29.26 on Friday. The stock has a fifty day moving average price of $28.34 and a 200 day moving average price of $25.29. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services has a 52 week low of $20.75 and a 52 week high of $29.90. The firm has a market capitalization of $149.81 million, a P/E ratio of 6.58 and a beta of 0.56.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Friday, October 25th. The bank reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. The company had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. Equities research analysts anticipate that CB Financial Services will post 2.18 earnings per share 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Friday, November 15th. CB Financial Services’s dividend payout ratio is presently 22.47%.

Hedge Funds Weigh In On CB Financial Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBFV. Barclays PLC increased its position in shares of CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after purchasing an additional 943 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 valued at $1,352,000 after buying an additional 4,295 shares during the last quarter. Fourthstone LLC acquired a new stake in CB Financial Services during the third quarter valued at approximately $373,000. De Lisle Partners LLP lifted its holdings in 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 buying an additional 2,429 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of CB Financial Services by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after acquiring an additional 1,608 shares in the last quarter. 33.06% of the stock is 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.