CB Financial Services (NASDAQ:CBFV) Issues Quarterly Earnings Results

CB Financial Services (NASDAQ:CBFV) issued its quarterly earnings data on Friday. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04, Zacks reports. The company had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%.

CB Financial Services Stock Performance

Shares of CB Financial Services stock traded down $0.39 during trading hours on Monday, hitting $28.50. 1,400 shares of the company were exchanged, compared to its average volume of 3,912. The business has a 50-day moving average of $27.49 and a 200-day moving average of $24.44. CB Financial Services has a 1 year low of $20.75 and a 1 year high of $29.50. 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 stock has a market capitalization of $146.55 million, a price-to-earnings ratio of 6.48 and a beta of 0.57.

Analysts Set New Price Targets

CBFV has been the subject of several research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $25.00 price target (up previously from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th. StockNews.com assumed coverage on shares of CB Financial Services in a 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.