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

Research analysts at StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFVGet Free Report) in a research report issued on Thursday. The brokerage set a “hold” rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $24.00 price target (down previously from $26.00) on shares of CB Financial Services in a research note on Thursday, May 2nd.

Get Our Latest Stock Report on CB Financial Services

CB Financial Services Trading Up 1.6 %

Shares of CBFV opened at $22.15 on Thursday. The company’s fifty day moving average is $22.45 and its 200 day moving average is $22.58. CB Financial Services has a fifty-two week low of $20.10 and a fifty-two week high of $27.02. The stock has a market capitalization of $113.85 million, a PE ratio of 5.03 and a beta of 0.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 0.89.

CB Financial Services (NASDAQ:CBFVGet Free Report) last announced its earnings results on Friday, April 26th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.09. The business had revenue of $13.51 million for the quarter, compared to the consensus estimate of $12.10 million. CB Financial Services had a net margin of 25.36% and a return on equity of 9.12%. Sell-side analysts expect that CB Financial Services will post 2.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CB Financial Services stock. Empowered Funds LLC grew its position in CB Financial Services, Inc. (NASDAQ:CBFVFree Report) by 7.9% during the first quarter, according to its most recent 13F 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 period. Empowered Funds LLC owned 0.56% of CB Financial Services worth $623,000 at the end of the most recent quarter. Institutional investors and hedge funds own 33.06% of the company’s stock.

CB Financial Services Company Profile

(Get Free Report)

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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