CB Financial Services (NASDAQ:CBFV) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report published on Thursday. The brokerage 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 Trading Up 0.8 %

NASDAQ CBFV opened at $26.75 on Thursday. The business has a 50 day moving average price of $24.42 and a 200-day moving average price of $22.90. CB Financial Services has a 52 week low of $20.31 and a 52 week high of $28.39. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The company has a market cap of $137.55 million, a price-to-earnings ratio of 6.08 and a beta of 0.57.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. CB Financial Services had a net margin of 24.64% and a return on equity of 8.61%. The business had revenue of $19.63 million for the quarter, compared to analysts’ expectations of $12.60 million. As a group, equities analysts expect that CB Financial Services will post 2.21 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend was Thursday, August 15th. CB Financial Services’s payout ratio is currently 22.73%.

Institutional Investors Weigh In On CB Financial Services

Hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its position in 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 during the last quarter. Empowered Funds LLC grew its stake in shares of CB Financial Services by 7.9% in 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 period. Commonwealth Equity Services LLC bought a new stake in shares of CB Financial Services in the second quarter worth approximately $393,000. Finally, Acadian Asset Management LLC lifted 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.