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

StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research note issued on Thursday. The firm set a “hold” rating on the bank’s stock.

Separately, DA Davidson boosted their target price on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

CB Financial Services Price Performance

Shares of NASDAQ:CBFV opened at $28.67 on Thursday. The stock has a market cap of $146.91 million, a price-to-earnings ratio of 6.44 and a beta of 0.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. CB Financial Services has a 12 month low of $20.75 and a 12 month high of $33.72. The stock’s 50 day moving average price is $29.98 and its 200 day moving average price is $26.88.

CB Financial Services (NASDAQ:CBFV) last released its earnings results on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. The firm had revenue of $21.01 million for the quarter, compared to analyst estimates of $12.60 million. Equities research analysts anticipate that CB Financial Services will post 2.18 earnings per share for the current fiscal year.

Insider Activity at CB Financial Services

In related news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $32.63, for a total transaction of $111,431.45. Following the transaction, the insider now directly owns 15,194 shares of the company’s stock, valued at approximately $495,780.22. The trade was a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark E. Fox sold 3,538 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $31.50, for a total value of $111,447.00. Following the completion of the sale, the chairman now directly owns 11,414 shares of the company’s stock, valued at approximately $359,541. This represents a 23.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,703 shares of company stock worth $247,995 in the last quarter. 9.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CBFV. Acadian Asset Management LLC grew its holdings in shares of CB Financial Services by 115.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,119 shares in the last quarter. Barclays PLC grew its stake in CB Financial Services by 12.7% in the third quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after purchasing an additional 943 shares in the last quarter. Fourthstone LLC acquired a new position in CB Financial Services in the 3rd quarter worth about $373,000. Commonwealth Equity Services LLC purchased a new stake in shares of CB Financial Services during the 2nd quarter worth about $393,000. Finally, De Lisle Partners LLP lifted its holdings in shares of CB Financial Services by 9.1% during the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock valued at $823,000 after buying an additional 2,429 shares during the last quarter. Institutional investors and hedge funds 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.