CB Financial Services (NASDAQ:CBFV) Research Coverage Started at StockNews.com

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

Separately, Keefe, Bruyette & Woods reissued a market perform rating and issued a $25.00 price objective (up from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th.

CB Financial Services Stock Performance

NASDAQ:CBFV opened at $27.30 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88. CB Financial Services has a fifty-two week low of $20.52 and a fifty-two week high of $28.39. The company has a 50 day simple moving average of $24.98 and a two-hundred day simple moving average of $23.11. The company has a market capitalization of $140.38 million, a PE ratio of 6.20 and a beta of 0.57.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Wednesday, July 24th. The bank reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. The company had revenue of $19.63 million during the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a net margin of 24.64% and a return on equity of 8.61%. Research analysts anticipate that CB Financial Services will post 2.21 earnings per share for the current year.

CB Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.66%. CB Financial Services’s dividend payout ratio is presently 22.73%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position in shares of CB Financial Services by 1.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 326,985 shares of the bank’s stock worth $7,786,000 after purchasing an additional 3,604 shares during the period. Empowered Funds LLC lifted its stake in shares of CB Financial Services by 7.9% in the first 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 in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of CB Financial Services during the second quarter valued at about $393,000. Finally, Acadian Asset Management LLC increased its position in shares of 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 acquiring an additional 1,119 shares in the last quarter. 33.06% of the stock is 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.