CB Financial Services (NASDAQ:CBFV) Releases Earnings Results

CB Financial Services (NASDAQ:CBFV) issued its earnings results on Friday. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04, Zacks reports. CB Financial Services had a net margin of 24.64% and a return on equity of 8.61%. The business had revenue of $21.01 million for the quarter, compared to analyst estimates of $12.60 million.

CB Financial Services Stock Down 1.3 %

CB Financial Services stock opened at $28.50 on Monday. CB Financial Services has a 1-year low of $20.75 and a 1-year high of $29.50. The firm has a 50 day simple moving average of $27.49 and a 200 day simple moving average of $24.44. 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 firm has a market capitalization of $146.55 million, a price-to-earnings ratio of 6.48 and a beta of 0.57.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $25.00 price objective (up previously from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th. StockNews.com initiated coverage on shares of CB Financial Services in a research report on Wednesday, October 23rd. They issued a “hold” rating for the company.

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.