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

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

Separately, DA Davidson upped their price target 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, October 29th.

CB Financial Services Stock Performance

Shares of CBFV opened at $31.94 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $163.66 million, a P/E ratio of 7.18 and a beta of 0.58. The firm’s fifty day simple moving average is $29.76 and its two-hundred day simple moving average is $26.52. CB Financial Services has a 12 month low of $20.75 and a 12 month high of $33.72.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings results on Friday, October 25th. The bank reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. As a group, analysts predict that CB Financial Services will post 2.18 EPS for the current year.

Insider Activity

In other news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $32.63, for a total transaction of $111,431.45. Following the transaction, the insider now owns 15,194 shares in the company, valued at approximately $495,780.22. This represents a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 4,165 shares of company stock worth $136,548. Company insiders own 9.40% of the company’s stock.

Institutional Investors Weigh In On CB Financial Services

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of CB Financial Services in the 3rd quarter worth about $941,000. Barclays PLC raised its holdings in shares of CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after acquiring an additional 943 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CB Financial Services by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock worth $1,352,000 after acquiring an additional 4,295 shares during the last quarter. Fourthstone LLC acquired a new stake in shares of CB Financial Services in the 3rd quarter worth about $373,000. Finally, De Lisle Partners LLP raised its holdings in shares of CB Financial Services by 9.1% in the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after acquiring an additional 2,429 shares during the last quarter. Institutional investors and hedge funds 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.