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

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

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

CB Financial Services Stock Down 1.6 %

Shares of NASDAQ:CBFV opened at $28.92 on Friday. The business’s 50-day moving average is $25.57 and its 200-day moving average is $23.33. CB Financial Services has a 1 year low of $20.52 and a 1 year high of $29.50. The company has a market capitalization of $148.71 million, a price-to-earnings ratio of 6.57 and a beta of 0.57. 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 (NASDAQ:CBFV) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The firm had revenue of $19.63 million for the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. Equities research analysts predict that CB Financial Services will post 2.21 earnings per share for the current year.

CB Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders 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 annualized dividend and a yield of 3.46%. CB Financial Services’s payout ratio is currently 22.73%.

Institutional Trading of CB Financial Services

Several hedge funds have recently bought and sold shares of CBFV. Acadian Asset Management LLC raised its holdings 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 worth $46,000 after acquiring an additional 1,119 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in CB Financial Services during the 2nd quarter worth approximately $393,000. Finally, Empowered Funds LLC increased its holdings 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 in 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.