CB Financial Services (NASDAQ:CBFV) Coverage Initiated by Analysts at DA Davidson

DA Davidson initiated coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research report report published on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating and a $43.00 price objective on the bank’s stock.

CBFV has been the subject of a number of other research reports. Keefe, Bruyette & Woods lowered their target price on CB Financial Services from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of CB Financial Services in a report on Monday, December 29th. Finally, Zacks Research lowered shares of CB Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.00.

CB Financial Services Stock Performance

NASDAQ CBFV opened at $34.79 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 0.88. The company has a fifty day moving average of $35.55 and a 200-day moving average of $34.11. CB Financial Services has a 52-week low of $26.01 and a 52-week high of $37.75. The company has a market capitalization of $174.30 million, a P/E ratio of 38.23 and a beta of 0.29.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.11). The firm had revenue of $14.79 million during the quarter, compared to analysts’ expectations of $14.90 million. CB Financial Services had a return on equity of 9.61% and a net margin of 6.09%. As a group, equities research analysts predict that CB Financial Services will post 1.82 EPS for the current fiscal year.

CB Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, February 13th. This is a positive change from CB Financial Services’s previous quarterly dividend of $0.26. CB Financial Services’s payout ratio is presently 123.08%.

Insider Buying and Selling at CB Financial Services

In other news, Vice Chairman Charles R. Guthrie sold 1,913 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $37.35, for a total value of $71,450.55. Following the completion of the transaction, the insider owned 16,796 shares of the company’s stock, valued at approximately $627,330.60. This represents a 10.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.70% of the company’s stock.

Institutional Trading of CB Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey bought a new position in CB Financial Services during the 2nd quarter valued at approximately $30,000. Hazlett Burt & Watson Inc. purchased a new stake in CB Financial Services during the 4th quarter valued at about $33,000. BNP Paribas Financial Markets increased its stake in CB Financial Services by 89.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock valued at $45,000 after purchasing an additional 635 shares in the last quarter. JPMorgan Chase & Co. increased its stake in CB Financial Services by 902.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,457 shares of the bank’s stock valued at $70,000 after purchasing an additional 2,212 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of CB Financial Services in the second quarter worth approximately $73,000. 33.06% of the stock is owned by hedge funds and other institutional investors.

CB Financial Services Company Profile

CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.

The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.