StockNews.com Begins Coverage on CB Financial Services (NASDAQ:CBFV)

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

Separately, Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $24.00 price target (down from $26.00) on shares of CB Financial Services in a research note on Thursday, May 2nd.

CB Financial Services Trading Up 2.6 %

Shares of NASDAQ CBFV opened at $22.18 on Tuesday. The stock’s 50 day moving average price is $22.36 and its two-hundred day moving average price is $22.68. CB Financial Services has a 52-week low of $19.96 and a 52-week high of $27.02. The stock has a market capitalization of $114.01 million, a P/E ratio of 5.04 and a beta of 0.55. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data on Friday, April 26th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. CB Financial Services had a return on equity of 9.12% and a net margin of 25.36%. The business had revenue of $13.51 million during the quarter, compared to analyst estimates of $12.10 million. On average, analysts anticipate that CB Financial Services will post 2.22 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.51%. CB Financial Services’s dividend payout ratio (DPR) is presently 22.73%.

Institutional Investors Weigh In On CB Financial Services

An institutional investor recently raised its position in CB Financial Services stock. Empowered Funds LLC boosted its holdings in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 7.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,804 shares of the bank’s stock after buying an additional 2,100 shares during the quarter. Empowered Funds LLC owned about 0.56% of CB Financial Services worth $623,000 at the end of the most recent quarter. 33.06% of the stock is currently owned by hedge funds and other 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.