CB Financial Services (NASDAQ:CBFV) Price Target Raised to $27.00

CB Financial Services (NASDAQ:CBFV) had its price objective upped by DA Davidson from $25.00 to $27.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a neutral rating on the bank’s stock. DA Davidson also issued estimates for CB Financial Services’ FY2025 earnings at $1.95 EPS.

A number of other equities analysts have also weighed in on the stock. Keefe, Bruyette & Woods restated 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. StockNews.com started coverage on shares of CB Financial Services in a report on Wednesday, October 23rd. They issued a “hold” rating on the stock.

CB Financial Services Stock Performance

CBFV opened at $28.65 on Tuesday. The firm has a market capitalization of $147.32 million, a PE ratio of 6.44 and a beta of 0.57. CB Financial Services has a twelve month low of $20.75 and a twelve month high of $29.50. The firm’s 50-day moving average price is $27.77 and its 200 day moving average price is $24.59. 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 (NASDAQ:CBFV) last posted its quarterly earnings results on Friday, October 25th. The bank reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $21.01 million for the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a net margin of 24.64% and a return on equity of 8.61%. As a group, sell-side analysts expect that CB Financial Services will post 2.19 EPS for the current fiscal year.

CB Financial Services Dividend Announcement

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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Friday, November 15th. CB Financial Services’s dividend payout ratio is presently 22.47%.

Institutional Investors Weigh In On CB Financial Services

A number of large investors have recently modified their holdings of the company. Acadian Asset Management LLC boosted its stake in CB Financial Services by 115.4% during the 2nd 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 during the period. Commonwealth Equity Services LLC purchased a new position in CB Financial Services during the 2nd quarter valued at about $393,000. Empowered Funds LLC increased its holdings in CB Financial Services by 7.9% during the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of 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 buying an additional 8,143 shares in the last quarter. 33.06% of the stock is owned by hedge funds and other institutional investors.

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.