StockNews.com started coverage on shares of CB Financial Services (NASDAQ:CBFV – Free Report) in a research note issued to investors on Monday morning. The brokerage issued a hold rating on the bank’s stock.
Separately, DA Davidson reissued a neutral rating and set a $24.00 price objective on shares of CB Financial Services in a research note on Monday, February 5th.
View Our Latest Research Report on CBFV
CB Financial Services Price Performance
CB Financial Services (NASDAQ:CBFV – Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. CB Financial Services had a net margin of 26.15% and a return on equity of 10.26%. The firm had revenue of $27.65 million during the quarter, compared to analysts’ expectations of $12.90 million. On average, analysts predict that CB Financial Services will post 2.17 EPS for the current year.
CB Financial Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend was Wednesday, February 14th. CB Financial Services’s dividend payout ratio is presently 22.88%.
Hedge Funds Weigh In On CB Financial Services
An institutional investor recently raised its position in CB Financial Services stock. Janney Montgomery Scott LLC lifted its stake in CB Financial Services, Inc. (NASDAQ:CBFV – Free Report) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 326,985 shares of the bank’s stock after purchasing an additional 3,604 shares during the quarter. Janney Montgomery Scott LLC owned 6.39% of CB Financial Services worth $7,786,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 33.06% of the company’s stock.
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 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.
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