CB Financial Services (NASDAQ:CBFV) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research note published on Tuesday morning. The firm issued a hold rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods reissued a market perform rating and issued a $24.00 price objective (down previously from $26.00) on shares of CB Financial Services in a research note on Thursday, May 2nd.

CB Financial Services Trading Up 2.6 %

Shares of CBFV stock opened at $22.18 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 0.89. CB Financial Services has a 1 year low of $19.96 and a 1 year high of $27.02. The stock has a fifty day moving average of $22.36 and a two-hundred day moving average of $22.68. The firm has a market capitalization of $114.01 million, a PE ratio of 5.04 and a beta of 0.55.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Friday, April 26th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. CB Financial Services had a return on equity of 9.12% and a net margin of 25.36%. The company had revenue of $13.51 million during the quarter, compared to analyst estimates of $12.10 million. As a group, research analysts expect that CB Financial Services will post 2.22 EPS for the current year.

CB Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Tuesday, May 14th. CB Financial Services’s dividend payout ratio (DPR) is presently 22.73%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CB Financial Services stock. Empowered Funds LLC raised its position in CB Financial Services, Inc. (NASDAQ:CBFV) by 7.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,804 shares of the bank’s stock after purchasing an additional 2,100 shares during the quarter. Empowered Funds LLC owned approximately 0.56% of CB Financial Services worth $623,000 at the end of the most recent quarter. 33.06% of the stock is currently owned by institutional investors and hedge funds.

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.