StockNews.com Upgrades CB Financial Services (NASDAQ:CBFV) to Hold

CB Financial Services (NASDAQ:CBFV) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

CB Financial Services Price Performance

Shares of CBFV opened at $29.08 on Wednesday. CB Financial Services has a twelve month low of $20.75 and a twelve month high of $33.72. The firm has a market cap of $148.37 million, a PE ratio of 12.17 and a beta of 0.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s 50 day moving average price is $28.10 and its 200 day moving average price is $29.04.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.07. CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. The company had revenue of $12.10 million for the quarter, compared to analyst estimates of $12.69 million. As a group, research analysts expect that CB Financial Services will post 1.82 EPS for the current fiscal year.

Insider Activity

In other CB Financial Services news, Director John Swiatek sold 2,500 shares of the stock in a transaction on Friday, April 25th. The shares were sold at an average price of $29.02, for a total value of $72,550.00. Following the completion of the sale, the director now directly owns 11,494 shares of the company’s stock, valued at $333,555.88. This represents a 17.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 9.40% of the company’s stock.

Institutional Investors Weigh In On CB Financial Services

Several hedge funds have recently made changes to their positions in the stock. Waldron Private Wealth LLC lifted its stake in shares of CB Financial Services by 100.0% in the fourth quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank’s stock valued at $3,447,000 after buying an additional 60,306 shares during the period. Geode Capital Management LLC lifted its stake in shares of CB Financial Services by 9.7% in the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock valued at $1,352,000 after buying an additional 4,295 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of CB Financial Services in the third quarter valued at about $941,000. Empowered Funds LLC lifted its stake in shares of CB Financial Services by 1.8% in the fourth quarter. Empowered Funds LLC now owns 33,172 shares of the bank’s stock valued at $948,000 after buying an additional 600 shares during the period. Finally, M3F Inc. bought a new stake in shares of CB Financial Services in the fourth quarter valued at about $916,000. Institutional investors own 33.06% of the company’s stock.

CB Financial Services Company Profile

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.