CB Financial Services Inc (CBFV) Given Average Recommendation of “Strong Buy” by Analysts

CB Financial Services Inc (NASDAQ:CBFV) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation. CB Financial Services’ rating score has improved by 50% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokers have set a 1-year consensus price objective of $33.00 for the company and are predicting that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CB Financial Services an industry rank of 25 out of 265 based on the ratings given to related companies.

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 target price on shares of CB Financial Services in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of CB Financial Services from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, November 1st.

A number of large investors have recently modified their holdings of CBFV. LSV Asset Management increased its stake in CB Financial Services by 36.9% in the second quarter. LSV Asset Management now owns 4,200 shares of the bank’s stock valued at $109,000 after purchasing an additional 1,132 shares in the last quarter. Janney Capital Management LLC increased its position in shares of CB Financial Services by 33.5% during the third quarter. Janney Capital Management LLC now owns 21,933 shares of the bank’s stock worth $637,000 after acquiring an additional 5,500 shares in the last quarter. Banc Funds Co. LLC increased its position in shares of CB Financial Services by 66.3% during the second quarter. Banc Funds Co. LLC now owns 60,536 shares of the bank’s stock worth $1,571,000 after acquiring an additional 24,135 shares in the last quarter. Vanguard Group Inc. increased its position in shares of CB Financial Services by 1.6% during the second quarter. Vanguard Group Inc. now owns 63,052 shares of the bank’s stock worth $1,645,000 after acquiring an additional 1,021 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its position in shares of CB Financial Services by 151.8% during the second quarter. Kennedy Capital Management Inc. now owns 64,383 shares of the bank’s stock worth $1,671,000 after acquiring an additional 38,810 shares in the last quarter. 21.30% of the stock is owned by hedge funds and other institutional investors.

Shares of CB Financial Services (NASDAQ:CBFV) traded down $0.05 during trading hours on Wednesday, reaching $30.61. 1,900 shares of the company’s stock traded hands, compared to its average volume of 6,450. CB Financial Services has a 1 year low of $25.10 and a 1 year high of $31.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $124.48, a P/E ratio of 16.55, a PEG ratio of 1.65 and a beta of 0.13.

The company also recently announced a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Friday, December 8th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, December 7th. CB Financial Services’s payout ratio is presently 47.57%.

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CB Financial Services Company Profile

CB Financial Services, Inc is the bank holding company for Community Bank (the Bank). The Company operates in community banking segment. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area.

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