CB Financial Services (NASDAQ:CBFV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research report released on Wednesday morning. The brokerage issued a hold rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods restated 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 report on Monday, July 29th.

CB Financial Services Stock Performance

Shares of NASDAQ CBFV opened at $27.60 on Wednesday. The firm has a fifty day moving average price of $23.96 and a 200-day moving average price of $22.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $141.92 million, a PE ratio of 6.27 and a beta of 0.56. CB Financial Services has a 1 year low of $20.10 and a 1 year high of $28.39.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The firm had revenue of $19.63 million during the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a net margin of 24.64% and a return on equity of 8.79%. Equities 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 was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.62%. CB Financial Services’s dividend payout ratio is currently 22.73%.

Institutional Investors Weigh In On CB Financial Services

Several large investors have recently bought and sold shares of CBFV. Janney Montgomery Scott LLC grew its stake in shares of CB Financial Services by 1.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 326,985 shares of the bank’s stock worth $7,786,000 after buying an additional 3,604 shares in the last quarter. Empowered Funds LLC increased its stake in CB Financial Services by 7.9% during the first quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock worth $623,000 after acquiring an additional 2,100 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in CB Financial Services during the second quarter worth approximately $393,000. Finally, Acadian Asset Management LLC raised its position in CB Financial Services by 115.4% during the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,119 shares during the period. 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.