CB Financial Services (NASDAQ:CBFV) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research note published on Tuesday. The brokerage issued a hold rating on the bank’s stock.

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

CB Financial Services Stock Performance

NASDAQ:CBFV opened at $28.33 on Tuesday. The company’s 50-day moving average is $27.10 and its two-hundred day moving average is $24.14. The firm has a market capitalization of $145.67 million, a price-to-earnings ratio of 6.44 and a beta of 0.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. CB Financial Services has a 1-year low of $20.72 and a 1-year high of $29.50.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. The company had revenue of $19.63 million during the quarter, compared to analyst estimates of $12.60 million. Analysts forecast that CB Financial Services will post 2.19 EPS for the current year.

CB Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 3.53%. CB Financial Services’s dividend payout ratio is currently 22.73%.

Institutional Investors Weigh In On CB Financial Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC grew its position in shares of CB Financial Services by 115.4% during the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after acquiring an additional 1,119 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in CB Financial Services in the 2nd quarter valued at $393,000. Finally, Empowered Funds LLC boosted its stake in CB Financial Services by 7.9% during the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock worth $623,000 after purchasing an additional 2,100 shares during the period. 33.06% of the stock is 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.