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

Research analysts at StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV) in a note issued to investors on Friday. The brokerage set a “hold” rating on the bank’s stock.

CBFV has been the subject of several other reports. DA Davidson reaffirmed a “neutral” rating and issued a $24.00 price objective on shares of CB Financial Services in a research note on Monday, February 5th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $24.00 price objective (down from $26.00) on shares of CB Financial Services in a research note on Thursday, May 2nd.

CB Financial Services Stock Up 0.1 %

Shares of NASDAQ CBFV opened at $22.70 on Friday. The stock has a market cap of $116.68 million, a PE ratio of 5.16 and a beta of 0.54. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. CB Financial Services has a 52-week low of $18.68 and a 52-week high of $27.02. The business has a 50-day moving average price of $21.91 and a 200 day moving average price of $22.57.

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

Institutional Trading of CB Financial Services

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

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.