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

StockNews.com initiated coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research note released on Sunday morning. The firm issued a hold rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods reissued a market perform rating and issued a $25.00 price objective (up from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th.

CB Financial Services Stock Down 0.3 %

CBFV opened at $23.67 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. CB Financial Services has a 1-year low of $20.10 and a 1-year high of $27.02. The company has a market capitalization of $121.71 million, a PE ratio of 5.38 and a beta of 0.56. The firm’s 50 day simple moving average is $22.93 and its two-hundred day simple moving average is $22.56.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The firm had revenue of $19.63 million during the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a net margin of 24.64% and a return on equity of 8.79%. As a group, equities analysts forecast that CB Financial Services will post 2.22 EPS for the current year.

CB Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a $0.25 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.22%. CB Financial Services’s dividend payout ratio (DPR) is presently 22.73%.

Institutional Trading of CB Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC grew its stake in CB Financial Services by 115.4% during the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,119 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in CB Financial Services during the second quarter valued at $393,000. Empowered Funds LLC grew its stake in CB Financial Services by 7.9% during the first quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in CB Financial Services by 1.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 326,985 shares of the bank’s stock valued at $7,786,000 after acquiring an additional 3,604 shares in the last quarter. 33.06% of the stock is 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.