Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of CB Financial Services (NASDAQ:CBFV – Free Report) in a report released on Thursday, Benzinga reports. Keefe, Bruyette & Woods currently has a $24.00 target price on the bank’s stock, down from their previous target price of $26.00.
A number of other research firms also recently commented on CBFV. StockNews.com started coverage on CB Financial Services in a research report on Tuesday. They issued a hold rating on the stock. DA Davidson restated a neutral rating and set a $24.00 target price on shares of CB Financial Services in a report on Monday, February 5th.
Get Our Latest Research Report on CB Financial Services
CB Financial Services Trading Up 0.6 %
CB Financial Services (NASDAQ:CBFV – Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $27.65 million during the quarter, compared to analysts’ expectations of $12.90 million. CB Financial Services had a net margin of 25.36% and a return on equity of 9.45%. Research analysts forecast that CB Financial Services will post 2.22 EPS for the current fiscal year.
CB Financial Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Tuesday, May 14th. CB Financial Services’s dividend payout ratio is currently 22.73%.
Institutional Investors Weigh In On CB Financial Services
An institutional investor recently raised its position in CB Financial Services stock. Janney Montgomery Scott LLC lifted its stake in shares of CB Financial Services, Inc. (NASDAQ:CBFV – Free Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 326,985 shares of the bank’s stock after buying an additional 3,604 shares during the quarter. Janney Montgomery Scott LLC owned about 6.39% of CB Financial Services worth $7,786,000 at the end of the most recent reporting period. 33.06% of the stock is currently 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.
Recommended Stories
- Five stocks we like better than CB Financial Services
- Comparing and Trading High PE Ratio Stocks
- MarketBeat Week in Review – 4/29 – 5/3
- Canadian Penny Stocks: Can They Make You Rich?
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for CB Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CB Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.