CB Financial Services (NASDAQ:CBFV) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report released on Tuesday. The firm issued a hold rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods reissued 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.

CB Financial Services Stock Up 4.9 %

NASDAQ:CBFV opened at $25.88 on Tuesday. CB Financial Services has a 1 year low of $20.10 and a 1 year high of $27.02. The stock has a 50-day moving average price of $23.51 and a two-hundred day moving average price of $22.58. The stock has a market cap of $133.07 million, a price-to-earnings ratio of 5.88 and a beta of 0.56. The company has a current ratio of 0.89, a quick 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 Wednesday, July 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. CB Financial Services had a return on equity of 8.79% and a net margin of 24.64%. The business had revenue of $19.63 million during the quarter, compared to analyst estimates of $12.60 million. As a group, equities analysts expect that CB Financial Services will post 2.22 earnings per share for the current year.

CB Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, August 15th. CB Financial Services’s dividend payout ratio (DPR) is currently 22.73%.

Hedge Funds Weigh In On CB Financial Services

Several hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC lifted its position 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 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 stake in CB Financial Services by 7.9% in the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after buying an additional 2,100 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in CB Financial Services by 1.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 326,985 shares of the bank’s stock worth $7,786,000 after buying an additional 3,604 shares in the last 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.