CB Financial Services (NASDAQ:CBFV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report issued on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

CBFV has been the topic of a number of other reports. DA Davidson restated a “neutral” rating and issued a $24.00 price target on shares of CB Financial Services in a research report on Monday, February 5th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $24.00 target price (down from $26.00) on shares of CB Financial Services in a report on Thursday, May 2nd.

CB Financial Services Stock Up 0.7 %

Shares of NASDAQ CBFV opened at $22.40 on Wednesday. The business has a fifty day moving average of $21.74 and a two-hundred day moving average of $22.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.91 and a current ratio of 0.91. CB Financial Services has a 52-week low of $17.20 and a 52-week high of $27.02. The stock has a market cap of $115.14 million, a PE ratio of 5.09 and a beta of 0.54.

Hedge Funds Weigh In On CB Financial Services

An institutional investor recently raised its position in CB Financial Services stock. Empowered Funds LLC boosted its position in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 7.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,804 shares of the bank’s stock after buying an additional 2,100 shares during the quarter. Empowered Funds LLC owned approximately 0.56% of CB Financial Services worth $623,000 as of its most recent SEC filing. 33.06% of the stock is currently 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.