StockNews.com Begins Coverage on CB Financial Services (NASDAQ:CBFV)

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

Separately, DA Davidson reissued a neutral rating and issued a $24.00 price target on shares of CB Financial Services in a research note on Monday, February 5th.

CB Financial Services Stock Performance

Shares of NASDAQ CBFV opened at $21.40 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $110.00 million, a PE ratio of 4.90 and a beta of 0.56. The company has a 50-day simple moving average of $21.77 and a 200-day simple moving average of $22.43. CB Financial Services has a 12 month low of $17.20 and a 12 month high of $27.02.

CB Financial Services (NASDAQ:CBFV) last issued 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. CB Financial Services had a return on equity of 10.26% and a net margin of 26.15%. The company had revenue of $27.65 million during the quarter, compared to the consensus estimate of $12.90 million. On average, equities analysts anticipate that CB Financial Services will post 2.17 earnings per share for the current year.

CB Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.67%. CB Financial Services’s payout ratio is 22.88%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CB Financial Services stock. Janney Montgomery Scott LLC lifted its position in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 1.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 326,985 shares of the bank’s stock after purchasing an additional 3,604 shares during the quarter. Janney Montgomery Scott LLC owned about 6.39% of CB Financial Services worth $7,786,000 as of its most recent filing with the SEC. 33.06% of the stock is 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.