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

Equities research analysts at StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the bank’s stock.

Separately, DA Davidson boosted their target price on shares of 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 Trading Up 2.0 %

Shares of NASDAQ:CBFV traded up $0.64 during mid-day trading on Monday, reaching $32.63. 7,464 shares of the company’s stock were exchanged, compared to its average volume of 4,275. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. CB Financial Services has a twelve month low of $20.75 and a twelve month high of $32.99. The firm has a market capitalization of $167.07 million, a price-to-earnings ratio of 7.33 and a beta of 0.56. The business’s fifty day moving average price is $28.90 and its 200-day moving average price is $25.83.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings results on Friday, October 25th. The bank reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $21.01 million for the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. On average, research analysts predict that CB Financial Services will post 2.18 EPS for the current fiscal year.

Institutional Investors Weigh In On CB Financial Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC increased its stake in CB Financial Services by 115.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after buying an additional 1,119 shares during the last quarter. Barclays PLC raised its holdings 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 period. Fourthstone LLC purchased a new position in CB Financial Services in the third quarter valued at approximately $373,000. Commonwealth Equity Services LLC bought a new position in CB Financial Services during the second quarter valued at $393,000. Finally, De Lisle Partners LLP increased its position in CB Financial Services by 9.1% in the third 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. 33.06% of the stock is 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.