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

Analysts at StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the bank’s stock.

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

CB Financial Services Price Performance

Shares of NASDAQ:CBFV opened at $30.11 on Friday. The firm’s 50 day moving average is $28.55 and its two-hundred day moving average is $25.50. The firm has a market capitalization of $154.28 million, a P/E ratio of 6.77 and a beta of 0.56. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services has a 52 week low of $20.75 and a 52 week high of $30.24.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Friday, October 25th. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The business had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. Analysts anticipate that CB Financial Services will post 2.18 earnings per share for the current year.

Institutional Investors Weigh In On CB Financial Services

Several large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC acquired a new position in shares of CB Financial Services in the second quarter worth about $393,000. Acadian Asset Management LLC lifted its position in shares of CB Financial Services by 115.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,119 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of CB Financial Services by 2.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after acquiring an additional 8,143 shares in the last quarter. Empowered Funds LLC boosted its stake in CB Financial Services by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after purchasing an additional 1,608 shares during the period. Finally, De Lisle Partners LLP grew its position in CB Financial Services by 9.1% during the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after purchasing an additional 2,429 shares in the last quarter. 33.06% of the stock is 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.