CB Financial Services (NASDAQ:CBFV) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of CB Financial Services (NASDAQ:CBFVGet Rating) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the bank’s stock.

Separately, Zacks Investment Research upgraded shares of CB Financial Services from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research report on Thursday, February 3rd.

Shares of NASDAQ:CBFV opened at $23.69 on Wednesday. The company has a market capitalization of $122.17 million, a PE ratio of 10.97 and a beta of 0.71. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13. CB Financial Services has a twelve month low of $21.16 and a twelve month high of $26.80. The firm has a 50 day simple moving average of $24.29 and a 200-day simple moving average of $24.26.

CB Financial Services (NASDAQ:CBFVGet Rating) last released its quarterly earnings results on Friday, January 28th. The bank reported $0.53 EPS for the quarter, beating the consensus estimate of $0.38 by $0.15. CB Financial Services had a net margin of 19.34% and a return on equity of 8.20%. The firm had revenue of $18.92 million during the quarter. As a group, equities research analysts predict that CB Financial Services will post 2.15 EPS for the current fiscal year.

In other news, Director Karl G. Baily acquired 1,000 shares of the company’s stock in a transaction on Thursday, March 3rd. The shares were bought at an average cost of $25.75 per share, with a total value of $25,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 10.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Petiole USA ltd acquired a new position in shares of CB Financial Services during the 4th quarter worth $4,310,000. The Manufacturers Life Insurance Company grew its stake in CB Financial Services by 2.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 154,353 shares of the bank’s stock valued at $3,720,000 after acquiring an additional 3,067 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in CB Financial Services by 393.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 151,286 shares of the bank’s stock valued at $3,548,000 after acquiring an additional 120,630 shares during the last quarter. Fourthstone LLC grew its stake in CB Financial Services by 42.3% in the 3rd quarter. Fourthstone LLC now owns 92,500 shares of the bank’s stock valued at $2,168,000 after acquiring an additional 27,516 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in CB Financial Services by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 47,616 shares of the bank’s stock valued at $1,096,000 after acquiring an additional 2,807 shares during the last quarter. 26.55% of the stock is currently owned by institutional investors and hedge funds.

CB Financial Services Company Profile (Get Rating)

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.

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