CB Financial Services (NASDAQ:CBFV) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

CB Financial Services (NASDAQ:CBFV) issued its earnings results on Friday. The bank reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04, Zacks reports. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. The company had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $12.60 million.

CB Financial Services Stock Down 1.3 %

NASDAQ CBFV traded down $0.39 during trading on Monday, reaching $28.50. 1,400 shares of the company’s stock were exchanged, compared to its average volume of 3,912. The company has a 50 day moving average price of $27.49 and a two-hundred day moving average price of $24.44. The stock has a market cap of $146.55 million, a P/E ratio of 6.48 and a beta of 0.57. CB Financial Services has a 1 year low of $20.75 and a 1 year high of $29.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88.

Analysts Set New Price Targets

CBFV has been the topic of a number of research analyst reports. StockNews.com began coverage on CB Financial Services in a research report on Wednesday, October 23rd. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $25.00 price objective (up from $24.00) on shares of CB Financial Services in a report on Monday, July 29th.

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.