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

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

Separately, Keefe, Bruyette & Woods reaffirmed a market perform rating and issued 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 Price Performance

Shares of NASDAQ CBFV opened at $29.00 on Friday. The company has a market capitalization of $149.12 million, a PE ratio of 6.59 and a beta of 0.57. CB Financial Services has a twelve month low of $20.52 and a twelve month high of $29.50. 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 stock’s 50 day moving average price is $25.70 and its 200-day moving average price is $23.38.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Wednesday, July 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. The business had revenue of $19.63 million for 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, equities analysts anticipate that CB Financial Services will post 2.21 EPS for the current year.

CB Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.45%. The ex-dividend date was Thursday, August 15th. CB Financial Services’s dividend payout ratio is currently 22.73%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its holdings in 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 buying an additional 1,119 shares during the period. Empowered Funds LLC raised its position in CB Financial Services by 7.9% during the first quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after purchasing an additional 2,100 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in shares of CB Financial Services during the 2nd quarter worth about $393,000. 33.06% of the stock is owned by hedge funds and other 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.