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

Equities researchers at StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFVGet Rating) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

Separately, TheStreet raised shares of CB Financial Services from a “c+” rating to a “b” rating in a research note on Friday, October 28th.

CB Financial Services Trading Down 1.1 %

Shares of NASDAQ:CBFV opened at $21.57 on Tuesday. The company has a 50 day moving average of $21.86 and a 200-day moving average of $22.10. The firm has a market cap of $109.83 million, a P/E ratio of 8.05 and a beta of 0.58. CB Financial Services has a twelve month low of $20.49 and a twelve month high of $26.80. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17.

CB Financial Services (NASDAQ:CBFVGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The bank reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. CB Financial Services had a net margin of 23.06% and a return on equity of 8.24%. The company had revenue of $13.75 million during the quarter. As a group, analysts anticipate that CB Financial Services will post 2.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CB Financial Services

Several hedge funds have recently made changes to their positions in CBFV. BlackRock Inc. lifted its position in shares of CB Financial Services by 266.7% in the 3rd quarter. BlackRock Inc. now owns 46,087 shares of the bank’s stock valued at $1,002,000 after acquiring an additional 33,520 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of CB Financial Services in the 3rd quarter valued at approximately $233,000. American Century Companies Inc. lifted its position in shares of CB Financial Services by 28.7% in the 1st quarter. American Century Companies Inc. now owns 15,928 shares of the bank’s stock valued at $375,000 after acquiring an additional 3,552 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in CB Financial Services by 1.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank’s stock valued at $3,700,000 after buying an additional 2,742 shares during the period. Finally, State Street Corp increased its stake in CB Financial Services by 10.2% in the 2nd quarter. State Street Corp now owns 11,641 shares of the bank’s stock valued at $266,000 after buying an additional 1,080 shares during the period. Hedge funds and other institutional investors own 29.39% of the company’s stock.

CB Financial Services Company Profile

(Get Rating)

CB Financial Services, Inc is a bank holding company, which engages in the provision of financial solutions. The company operates through the Community Banking and Insurance Brokerage Services segments. It offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans as well as a variety of deposit products for individuals and businesses.

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