StockNews.com initiated coverage on shares of CB Financial Services (NASDAQ:CBFV – Free Report) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the bank’s stock.
Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $25.00 price objective (up previously from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th.
View Our Latest Stock Analysis on CB Financial Services
CB Financial Services Trading Down 1.3 %
CB Financial Services (NASDAQ:CBFV – Get Free Report) last posted its earnings results on Wednesday, July 24th. The bank reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. CB Financial Services had a net margin of 24.64% and a return on equity of 8.61%. The firm had revenue of $19.63 million for the quarter, compared to analysts’ expectations of $12.60 million. Equities research analysts forecast that CB Financial Services will post 2.19 earnings per share for the current fiscal year.
Hedge Funds Weigh In On CB Financial Services
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC increased its stake in shares of CB Financial Services by 115.4% in the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after buying an additional 1,119 shares during the period. Commonwealth Equity Services LLC bought a new stake in CB Financial Services in the second quarter valued at approximately $393,000. Finally, Empowered Funds LLC increased its position in CB Financial Services by 7.9% during the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after purchasing an additional 2,100 shares during the period. 33.06% of the stock is currently owned by institutional investors and hedge funds.
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.
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