StockNews.com Initiates Coverage on CB Financial Services (NASDAQ:CBFV)

Equities research analysts at StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV – Get Rating) in a research report issued on Wednesday. The firm set a “hold” rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods lowered their target price on shares of CB Financial Services from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, April 6th.

CB Financial Services Stock Up 0.5 %

CBFV stock opened at $18.80 on Wednesday. The firm has a 50 day moving average of $21.06 and a 200 day moving average of $21.81. The stock has a market capitalization of $96.07 million, a PE ratio of 7.87 and a beta of 0.53. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.12. CB Financial Services has a 52 week low of $17.20 and a 52 week high of $24.98.

CB Financial Services (NASDAQ:CBFV – Get Rating) last released its earnings results on Friday, April 28th. The bank reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The company had revenue of $14.39 million during the quarter. CB Financial Services had a net margin of 20.14% and a return on equity of 10.73%. Sell-side analysts forecast that CB Financial Services will post 2.95 earnings per share for the current year.

Insider Buying and Selling at CB Financial Services

In other CB Financial Services news, CEO John Haines Montgomery acquired 1,500 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was acquired at an average cost of $18.65 per share, for a total transaction of $27,975.00. Following the purchase, the chief executive officer now owns 21,550 shares in the company, valued at approximately $401,907.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO John Haines Montgomery bought 1,500 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was purchased at an average cost of $18.65 per share, with a total value of $27,975.00. Following the acquisition, the chief executive officer now directly owns 21,550 shares in the company, valued at $401,907.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Karl G. Baily bought 1,800 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The stock was purchased at an average price of $22.75 per share, with a total value of $40,950.00. Following the completion of the purchase, the director now owns 4,027 shares in the company, valued at $91,614.25. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 3,703 shares of company stock worth $76,582. Company insiders own 10.10% of the company’s stock.

Institutional Trading of CB Financial Services

A number of hedge funds have recently added to or reduced their stakes in CBFV. American Century Companies Inc. boosted its holdings in CB Financial Services by 28.7% during the first quarter. American Century Companies Inc. now owns 15,928 shares of the bank’s stock worth $375,000 after buying an additional 3,552 shares in the last quarter. Vanguard Group Inc. boosted its holdings in CB Financial Services by 0.3% during the first quarter. Vanguard Group Inc. now owns 185,433 shares of the bank’s stock worth $4,451,000 after buying an additional 495 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in CB Financial Services by 1.8% during the first quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank’s stock worth $3,700,000 after buying an additional 2,742 shares in the last quarter. State Street Corp boosted its holdings in CB Financial Services by 10.2% during the second quarter. State Street Corp now owns 11,641 shares of the bank’s stock worth $266,000 after buying an additional 1,080 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in CB Financial Services during the third quarter worth $233,000. 29.39% of the stock is owned by hedge funds and other institutional investors.

CB Financial Services Company Profile

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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.