CB Financial Services (NASDAQ:CBFV) Research Coverage Started at StockNews.com

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

Separately, Keefe, Bruyette & Woods reiterated a market perform rating and set a $25.00 price target (up from $24.00) on shares of CB Financial Services in a report on Monday, July 29th.

CB Financial Services Price Performance

Shares of CBFV stock opened at $28.92 on Friday. The business has a fifty day simple moving average of $25.57 and a 200 day simple moving average of $23.33. The company has a market cap of $148.71 million, a P/E ratio of 6.57 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. CB Financial Services has a twelve month low of $20.52 and a twelve month high of $29.50.

CB Financial Services (NASDAQ:CBFV) last posted its earnings results on Wednesday, July 24th. The bank reported $0.52 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 8.61%. On average, sell-side analysts forecast that CB Financial Services will post 2.21 EPS for the current fiscal year.

CB Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.46%. CB Financial Services’s dividend payout ratio (DPR) is presently 22.73%.

Institutional Investors Weigh In On CB Financial Services

A number of institutional investors have recently added to or reduced their stakes in CBFV. Empowered Funds LLC raised its position in CB Financial Services by 7.9% during the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock worth $623,000 after purchasing an additional 2,100 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of CB Financial Services in the second quarter valued at about $393,000. Finally, Acadian Asset Management LLC raised its position in shares of CB Financial Services by 115.4% during the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after acquiring an additional 1,119 shares during the last quarter. 33.06% of the stock is owned by 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.