CB Financial Services (NASDAQ:CBFV) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research note issued to investors on Friday. The brokerage issued a hold rating on the bank’s stock.

Several other equities research analysts have also issued reports on the company. DA Davidson reissued a neutral rating and set a $24.00 price target on shares of CB Financial Services in a research report on Monday, February 5th. Keefe, Bruyette & Woods reaffirmed a market perform rating and issued a $24.00 target price (down from $26.00) on shares of CB Financial Services in a research report on Thursday, May 2nd.

CB Financial Services Trading Down 0.6 %

Shares of NASDAQ:CBFV traded down $0.14 during trading on Friday, reaching $22.56. 2,860 shares of the stock were exchanged, compared to its average volume of 4,385. The firm has a market cap of $115.96 million, a price-to-earnings ratio of 5.13 and a beta of 0.54. CB Financial Services has a 12-month low of $18.68 and a 12-month high of $27.02. The firm’s 50-day moving average price is $21.92 and its 200 day moving average price is $22.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 0.89.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings results on Friday, April 26th. The bank reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. The firm had revenue of $13.51 million during the quarter, compared to analysts’ expectations of $12.10 million. CB Financial Services had a return on equity of 9.12% and a net margin of 25.36%. On average, sell-side analysts anticipate that CB Financial Services will post 2.22 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.00 annualized dividend and a yield of 4.43%. CB Financial Services’s dividend payout ratio is currently 22.73%.

Hedge Funds Weigh In On CB Financial Services

An institutional investor recently raised its position in CB Financial Services stock. Empowered Funds LLC raised its position in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 7.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,804 shares of the bank’s stock after purchasing an additional 2,100 shares during the period. Empowered Funds LLC owned 0.56% of CB Financial Services worth $623,000 as of its most recent SEC filing. 33.06% of the stock is currently owned by hedge funds and other institutional investors.

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.