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

Stock analysts at StockNews.com initiated coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research note issued on Thursday. The brokerage set a “hold” rating on the bank’s stock.

Several other equities analysts have also commented on CBFV. Keefe, Bruyette & Woods restated a “market perform” rating and set a $25.00 price target (up previously from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th. DA Davidson raised their target price on shares of CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday.

CB Financial Services Price Performance

Shares of CBFV stock opened at $28.65 on Thursday. The company’s 50-day simple moving average is $27.69 and its two-hundred day simple moving average is $24.56. 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 one year low of $20.75 and a one year high of $29.50. The company has a market capitalization of $147.32 million, a P/E ratio of 6.51 and a beta of 0.57.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. As a group, equities analysts anticipate that CB Financial Services will post 2.19 EPS for the current year.

Hedge Funds Weigh In On CB Financial Services

A number of large investors have recently added to or reduced their stakes in CBFV. Commonwealth Equity Services LLC purchased a new position in CB Financial Services in the second quarter worth $393,000. Empowered Funds LLC boosted its position 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 worth $623,000 after purchasing an additional 2,100 shares in the last quarter. Acadian Asset Management LLC grew its stake in CB Financial Services by 115.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after buying an additional 1,119 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in CB Financial Services by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after buying an additional 8,143 shares in the last quarter. 33.06% of the stock is currently owned by institutional investors.

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.