CB Financial Services (NASDAQ:CBFV) Coverage Initiated at StockNews.com

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

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $25.00 target price (up previously from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th.

CB Financial Services Stock Performance

Shares of CBFV opened at $24.44 on Monday. The stock has a market capitalization of $125.67 million, a PE ratio of 5.55 and a beta of 0.56. The business’s fifty day moving average price is $23.13 and its 200 day moving average price is $22.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.89. CB Financial Services has a 12-month low of $20.10 and a 12-month high of $27.02.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Wednesday, July 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. CB Financial Services had a net margin of 24.64% and a return on equity of 8.79%. The firm had revenue of $19.63 million for the quarter, compared to analysts’ expectations of $12.60 million. Equities research analysts forecast that CB Financial Services will post 2.22 EPS for the current year.

Institutional Trading of CB Financial Services

Several hedge funds and other institutional investors have recently modified their holdings of CBFV. Acadian Asset Management LLC lifted its position in shares of CB Financial Services by 115.4% in the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after purchasing an additional 1,119 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in CB Financial Services in the 2nd quarter worth approximately $393,000. Empowered Funds LLC boosted its stake in shares of CB Financial Services by 7.9% during the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after buying an additional 2,100 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of CB Financial Services by 1.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 326,985 shares of the bank’s stock valued at $7,786,000 after acquiring an additional 3,604 shares in the last quarter. Institutional investors and hedge funds 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.