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

Investment analysts at StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV – Get Rating) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods cut their target price on CB Financial Services from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, April 6th.

CB Financial Services Stock Down 1.0 %

Shares of NASDAQ CBFV opened at $18.82 on Wednesday. The firm has a market cap of $96.17 million, a price-to-earnings ratio of 7.87 and a beta of 0.53. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.12. CB Financial Services has a 52-week low of $17.20 and a 52-week high of $24.98. The business’s 50 day moving average is $20.91 and its two-hundred day moving average is $21.77.

CB Financial Services (NASDAQ:CBFV – Get Rating) last announced its earnings results on Friday, April 28th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. The company had revenue of $14.39 million for the quarter. CB Financial Services had a return on equity of 10.73% and a net margin of 20.14%. Research analysts predict that CB Financial Services will post 2.95 EPS for the current year.

Insider Transactions at CB Financial Services

In other news, Director Karl G. Baily bought 1,800 shares of the stock in a transaction that occurred on Friday, March 17th. The stock was purchased at an average price of $22.75 per share, for a total transaction of $40,950.00. Following the completion of the purchase, the director now owns 4,027 shares in the company, valued at approximately $91,614.25. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO John Haines Montgomery acquired 1,500 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was bought at an average price of $18.65 per share, for a total transaction of $27,975.00. Following the completion of the purchase, the chief executive officer now directly owns 21,550 shares of the company’s stock, valued at approximately $401,907.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Karl G. Baily acquired 1,800 shares of the firm’s stock in a transaction on Friday, March 17th. The stock was bought at an average price of $22.75 per share, with a total value of $40,950.00. Following the purchase, the director now directly owns 4,027 shares of the company’s stock, valued at $91,614.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 3,703 shares of company stock valued at $76,582. 10.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CB Financial Services

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in CB Financial Services by 266.7% in the third quarter. BlackRock Inc. now owns 46,087 shares of the bank’s stock valued at $1,002,000 after purchasing an additional 33,520 shares during the period. HBK Sorce Advisory LLC lifted its position in CB Financial Services by 100.0% in the fourth quarter. HBK Sorce Advisory LLC now owns 41,500 shares of the bank’s stock valued at $889,000 after purchasing an additional 20,750 shares during the period. Dimensional Fund Advisors LP acquired a new stake in CB Financial Services in the third quarter valued at about $233,000. Petiole USA ltd lifted its position in CB Financial Services by 4.7% in the fourth quarter. Petiole USA ltd now owns 215,198 shares of the bank’s stock valued at $4,612,000 after purchasing an additional 9,576 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in CB Financial Services by 3.5% in the first quarter. Janney Montgomery Scott LLC now owns 254,503 shares of the bank’s stock valued at $5,525,000 after purchasing an additional 8,497 shares during the period. 29.39% of the stock is owned by hedge funds and other institutional investors.

About CB Financial Services

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CB Financial Services, Inc is a bank holding company, which engages in the provision of financial solutions. The company operates through the Community Banking and Insurance Brokerage Services segments. It offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans as well as a variety of deposit products for individuals and businesses.