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

StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report issued on Friday. The firm issued a hold rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods reissued a market perform rating and issued a $25.00 price objective (up previously from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th.

CB Financial Services Price Performance

CBFV opened at $27.30 on Friday. CB Financial Services has a 1 year low of $20.52 and a 1 year high of $28.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $140.38 million, a price-to-earnings ratio of 6.20 and a beta of 0.57. The firm’s fifty day moving average price is $24.98 and its two-hundred day moving average price is $23.11.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data 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 8.61%. The business had revenue of $19.63 million during the quarter, compared to the consensus estimate of $12.60 million. As a group, analysts anticipate that CB Financial Services will post 2.21 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.66%. CB Financial Services’s dividend payout ratio (DPR) is presently 22.73%.

Hedge Funds Weigh In On CB Financial Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC raised its stake in shares of CB Financial Services by 115.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,119 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of CB Financial Services during the second quarter valued at about $393,000. Empowered Funds LLC lifted its holdings in shares of CB Financial Services by 7.9% in the first quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock worth $623,000 after buying an additional 2,100 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of CB Financial Services by 1.1% in the fourth 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 during the period. Institutional investors 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.