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

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

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

CB Financial Services Stock Performance

Shares of CBFV stock opened at $29.39 on Friday. CB Financial Services has a 12-month low of $20.52 and a 12-month high of $29.39. The business’s fifty day simple moving average is $25.45 and its 200-day simple moving average is $23.27. 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 company has a market cap of $151.12 million, a PE ratio of 6.68 and a beta of 0.57.

CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Wednesday, July 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $19.63 million for the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. Analysts expect that CB Financial Services will post 2.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CBFV. Acadian Asset Management LLC boosted its position in CB Financial Services by 115.4% in the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after buying an additional 1,119 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in CB Financial Services during the 2nd quarter valued at approximately $393,000. Finally, Empowered Funds LLC boosted its holdings in shares of CB Financial Services by 7.9% in the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after acquiring an additional 2,100 shares during the last quarter. 33.06% of the stock is owned by institutional investors and hedge funds.

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.