Equities researchers at StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV – Get Free Report) in a report released on Thursday. The firm set a “hold” rating on the bank’s stock.
Separately, 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.
Read Our Latest Analysis on CB Financial Services
CB Financial Services Stock Up 0.8 %
CB Financial Services (NASDAQ:CBFV – Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The bank reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. The business had revenue of $19.63 million during the quarter, compared to analysts’ expectations of $12.60 million. Sell-side analysts forecast that CB Financial Services will post 2.21 earnings per share for the current year.
Institutional Investors Weigh In On CB Financial Services
Hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new position in CB Financial Services during the second quarter valued at $393,000. Janney Montgomery Scott LLC grew its position in shares of CB Financial Services by 1.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 326,985 shares of the bank’s stock worth $7,786,000 after buying an additional 3,604 shares during the period. Empowered Funds LLC increased its stake in shares of CB Financial Services by 7.9% in the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock worth $623,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in CB Financial Services by 115.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,119 shares during the period. 33.06% of the stock is currently 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.
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