CB Financial Services (NASDAQ:CBFV) Now Covered by StockNews.com

Equities researchers at StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research note issued to investors on Sunday. The firm set a “hold” rating on the bank’s stock.

Separately, DA Davidson reaffirmed a “neutral” rating and set a $24.00 price target on shares of CB Financial Services in a research report on Monday, February 5th.

CB Financial Services Trading Down 0.6 %

CBFV opened at $21.22 on Friday. The business has a 50 day simple moving average of $21.89 and a two-hundred day simple moving average of $22.43. The firm has a market capitalization of $109.07 million, a price-to-earnings ratio of 4.86 and a beta of 0.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.91 and a quick ratio of 0.91. CB Financial Services has a one year low of $17.20 and a one year high of $27.02.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings results on Wednesday, January 31st. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $27.65 million during the quarter, compared to analyst estimates of $12.90 million. CB Financial Services had a return on equity of 10.26% and a net margin of 26.15%. Analysts predict that CB Financial Services will post 2.17 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in shares of CB Financial Services by 3.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 323,381 shares of the bank’s stock worth $6,920,000 after acquiring an additional 12,218 shares in the last quarter. BlackRock Inc. grew its stake in shares of CB Financial Services by 22.7% in the 2nd quarter. BlackRock Inc. now owns 55,676 shares of the bank’s stock worth $1,152,000 after buying an additional 10,292 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of CB Financial Services by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 165,914 shares of the bank’s stock worth $3,371,000 after buying an additional 1,451 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of CB Financial Services by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 41,109 shares of the bank’s stock worth $835,000 after buying an additional 665 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of CB Financial Services by 5.1% in the 1st quarter. Stifel Financial Corp now owns 15,790 shares of the bank’s stock worth $343,000 after buying an additional 763 shares during the last quarter. 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.