Analysts Expect CB Financial Services Inc (NASDAQ:CBFV) to Announce $0.49 EPS

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Shares of CB Financial Services Inc (NASDAQ:CBFV) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus target price of $31.00 for the company and are anticipating that the company will post $0.49 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CB Financial Services an industry rank of 145 out of 255 based on the ratings given to its competitors.

CBFV has been the subject of a number of recent research reports. ValuEngine upgraded CB Financial Services from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Zacks Investment Research upgraded CB Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th.

Several hedge funds have recently bought and sold shares of the company. First Trust Advisors LP grew its stake in shares of CB Financial Services by 25.3% in the third quarter. First Trust Advisors LP now owns 11,339 shares of the bank’s stock valued at $315,000 after buying an additional 2,288 shares in the last quarter. Russell Investments Group Ltd. bought a new position in CB Financial Services during the 3rd quarter worth approximately $200,000. Janney Montgomery Scott LLC lifted its holdings in CB Financial Services by 12.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 213,740 shares of the bank’s stock worth $5,933,000 after buying an additional 23,056 shares during the last quarter. Stonebridge Capital Advisors LLC bought a new position in CB Financial Services during the 2nd quarter worth approximately $28,000. Finally, HBK Sorce Advisory LLC lifted its holdings in CB Financial Services by 2.5% during the 2nd quarter. HBK Sorce Advisory LLC now owns 20,000 shares of the bank’s stock worth $475,000 after buying an additional 490 shares during the last quarter. Institutional investors and hedge funds own 26.84% of the company’s stock.

CB Financial Services stock traded up $0.31 during trading on Thursday, hitting $27.56. The company’s stock had a trading volume of 21,100 shares, compared to its average volume of 10,965. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85. CB Financial Services has a 1-year low of $22.77 and a 1-year high of $27.90. The stock has a market capitalization of $148.10 million, a price-to-earnings ratio of 16.31 and a beta of 0.36. The stock’s fifty day moving average is $26.77 and its 200 day moving average is $24.92.

CB Financial Services (NASDAQ:CBFV) last posted its earnings results on Monday, October 28th. The bank reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. CB Financial Services had a return on equity of 8.53% and a net margin of 20.31%. The business had revenue of $13.30 million during the quarter. On average, research analysts anticipate that CB Financial Services will post 2.25 EPS for the current fiscal year.

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 southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts.

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