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

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

Several other equities analysts have also issued reports on CBFV. Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $24.00 price target (down previously from $26.00) on shares of CB Financial Services in a research note on Thursday, May 2nd. DA Davidson reaffirmed a neutral rating and issued a $24.00 target price on shares of CB Financial Services in a research note on Monday, February 5th.

CB Financial Services Stock Up 0.4 %

NASDAQ:CBFV opened at $22.48 on Wednesday. The company has a market cap of $115.61 million, a price-to-earnings ratio of 5.11 and a beta of 0.54. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s fifty day moving average price is $21.74 and its two-hundred day moving average price is $22.47. CB Financial Services has a 52-week low of $18.36 and a 52-week high of $27.02.

CB Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.45%. CB Financial Services’s dividend payout ratio is presently 22.73%.

Institutional Trading of CB Financial Services

A hedge fund recently raised its stake in CB Financial Services stock. Empowered Funds LLC grew its position in CB Financial Services, Inc. (NASDAQ:CBFV) by 7.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,804 shares of the bank’s stock after purchasing an additional 2,100 shares during the period. Empowered Funds LLC owned about 0.56% of CB Financial Services worth $623,000 at the end of the most recent reporting period. 33.06% of the stock is currently owned by hedge funds and other 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.