Q4 Earnings Forecast for CBFV Issued By DA Davidson

CB Financial Services, Inc. (NASDAQ:CBFV) – Analysts at DA Davidson issued their Q4 2024 earnings estimates for CB Financial Services in a research note issued on Wednesday, October 30th. DA Davidson analyst M. Navas anticipates that the bank will post earnings per share of $0.44 for the quarter. DA Davidson has a “Neutral” rating and a $27.00 price objective on the stock. The consensus estimate for CB Financial Services’ current full-year earnings is $2.19 per share.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Friday, October 25th. The bank reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. CB Financial Services had a return on equity of 8.39% and a net margin of 24.51%. The company had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million.

CBFV has been the subject of several other research reports. StockNews.com started coverage on shares of CB Financial Services in a report on Thursday. They set a “hold” rating for the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $25.00 price target (up from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th.

CB Financial Services Stock Performance

CBFV stock opened at $28.65 on Friday. CB Financial Services has a one year low of $20.75 and a one year high of $29.50. The stock has a market cap of $147.26 million, a price-to-earnings ratio of 6.44 and a beta of 0.57. The company has a fifty day moving average price of $27.77 and a two-hundred day moving average price of $24.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88.

CB Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 3.49%. CB Financial Services’s dividend payout ratio is presently 22.47%.

Institutional Trading of CB Financial Services

Several large investors have recently modified their holdings of CBFV. Janney Montgomery Scott LLC raised its stake in CB Financial Services by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after purchasing an additional 8,143 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of CB Financial Services by 115.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after buying an additional 1,119 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of CB Financial Services in the 2nd quarter valued at approximately $393,000. Finally, Empowered Funds LLC lifted its holdings in shares of 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 acquiring an additional 2,100 shares during the period. 33.06% of the stock is owned by institutional investors and hedge funds.

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.