StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV – Free Report) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the bank’s stock.
Separately, Keefe, Bruyette & Woods restated a market perform rating and issued a $24.00 price target (down previously from $26.00) on shares of CB Financial Services in a research note on Thursday, May 2nd.
Get Our Latest Stock Analysis on CBFV
CB Financial Services Price Performance
CB Financial Services (NASDAQ:CBFV – Get Free Report) last issued its earnings results on Friday, April 26th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.09. CB Financial Services had a net margin of 25.36% and a return on equity of 9.12%. The business had revenue of $13.51 million during the quarter, compared to analysts’ expectations of $12.10 million. As a group, equities analysts expect that CB Financial Services will post 2.22 EPS for the current fiscal year.
CB Financial Services Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.41%. The ex-dividend date was Tuesday, May 14th. CB Financial Services’s dividend payout ratio is currently 22.73%.
Institutional Investors Weigh In On CB Financial Services
An institutional investor recently raised its position in CB Financial Services stock. Janney Montgomery Scott LLC raised its position in CB Financial Services, Inc. (NASDAQ:CBFV – Free Report) by 1.1% during the fourth quarter, according to the company in its most recent disclosure 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.
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.
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