CB Financial Services (NASDAQ:CBFV) Earns Hold Rating from Analysts at StockNews.com

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

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

CB Financial Services Stock Up 0.3 %

Shares of NASDAQ:CBFV opened at $21.59 on Monday. The stock has a market cap of $110.97 million, a price-to-earnings ratio of 4.94 and a beta of 0.56. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.25. CB Financial Services has a 12-month low of $17.20 and a 12-month high of $27.02. The business’s 50 day moving average is $21.75 and its 200 day moving average is $22.42.

CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Wednesday, January 31st. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $27.65 million for the quarter, compared to analysts’ expectations of $12.90 million. CB Financial Services had a return on equity of 10.26% and a net margin of 26.15%. On average, sell-side analysts forecast that CB Financial Services will post 2.17 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a $0.25 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.63%. CB Financial Services’s dividend payout ratio (DPR) is presently 22.88%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CB Financial Services stock. Janney Montgomery Scott LLC lifted its position in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 326,985 shares of the bank’s stock after acquiring an additional 3,604 shares during the quarter. Janney Montgomery Scott LLC owned approximately 6.39% of CB Financial Services worth $7,786,000 at the end of the most recent quarter. 33.06% of the stock is owned by institutional investors.

About CB Financial Services

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.