CB Financial Services (NASDAQ:CBFV) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research report issued on Saturday. The firm set a “hold” rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $25.00 price target (up previously from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th.

CB Financial Services Stock Up 5.4 %

Shares of NASDAQ:CBFV opened at $29.39 on Friday. The business’s 50 day moving average is $25.45 and its 200 day moving average is $23.28. The stock has a market cap of $151.12 million, a P/E ratio of 6.68 and a beta of 0.57. CB Financial Services has a 52-week low of $20.52 and a 52-week high of $29.39. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings results on Wednesday, July 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. The business had revenue of $19.63 million for the quarter, compared to the consensus estimate of $12.60 million. Sell-side analysts predict that CB Financial Services will post 2.21 EPS for the current year.

Institutional Trading of CB Financial Services

A number of institutional investors have recently modified their holdings of CBFV. Acadian Asset Management LLC lifted its position 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 during the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of CB Financial Services during the 2nd quarter valued at $393,000. Finally, Empowered Funds LLC boosted its position in shares of CB Financial Services by 7.9% in the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock worth $623,000 after purchasing an additional 2,100 shares in the last quarter. 33.06% of the stock is currently owned by 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.