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

StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research report report published on Thursday morning. The brokerage issued a hold rating on the bank’s stock.

Several other equities analysts have also recently issued reports on the company. DA Davidson boosted their price objective on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $25.00 price target (up from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th.

CB Financial Services Price Performance

Shares of NASDAQ:CBFV opened at $28.57 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. CB Financial Services has a twelve month low of $20.75 and a twelve month high of $29.50. The company’s 50 day moving average is $27.82 and its 200 day moving average is $24.67. The company has a market cap of $146.85 million, a PE ratio of 6.42 and a beta of 0.57.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The firm had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.39%. On average, sell-side analysts forecast that CB Financial Services will post 2.19 EPS for the current year.

CB Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.50%. CB Financial Services’s dividend payout ratio (DPR) is currently 22.47%.

Institutional Investors Weigh In On CB Financial Services

Institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC boosted its position in CB Financial Services by 115.4% during the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after purchasing an additional 1,119 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in CB Financial Services in the 2nd quarter valued at $393,000. Empowered Funds LLC increased its holdings in CB Financial Services by 7.9% in the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock worth $623,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in CB Financial Services by 2.3% during the third quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock worth $10,204,000 after acquiring an additional 8,143 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.