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

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

A number of other analysts have also issued reports on the company. 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 increased their price target on CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th.

CB Financial Services Stock Down 2.6 %

NASDAQ:CBFV opened at $28.51 on Friday. The company has a market cap of $146.54 million, a price-to-earnings ratio of 6.41 and a beta of 0.56. CB Financial Services has a twelve month low of $20.75 and a twelve month high of $29.90. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $28.02 and a 200-day simple moving average of $24.91.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Friday, October 25th. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $21.01 million during the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.39%. Analysts anticipate that CB Financial Services will post 2.18 EPS for the current year.

Hedge Funds Weigh In On CB Financial Services

A number of large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its holdings in shares of CB Financial Services by 2.3% in the 3rd 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 period. Empowered Funds LLC boosted its position in CB Financial Services by 5.2% during the third quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock valued at $911,000 after purchasing an additional 1,608 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in CB Financial Services during the second quarter valued at about $393,000. Finally, Acadian Asset Management LLC grew its stake in CB Financial Services by 115.4% in the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,119 shares during the last quarter. Institutional investors own 33.06% of the company’s stock.

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.