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

StockNews.com initiated coverage on shares of CB Financial Services (NASDAQ:CBFV) in a report published on Saturday morning. The brokerage issued a hold rating on the bank’s stock.

Several other research firms have also weighed in on CBFV. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $25.00 target price (up previously from $24.00) on shares of CB Financial Services in a report on Monday, July 29th. DA Davidson boosted their price objective on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th.

CB Financial Services Stock Up 1.5 %

Shares of NASDAQ CBFV opened at $28.89 on Friday. The stock has a market capitalization of $147.92 million, a price-to-earnings ratio of 6.49 and a beta of 0.56. CB Financial Services has a 52 week low of $20.75 and a 52 week high of $29.90. The firm has a 50-day moving average price of $28.24 and a 200 day moving average price of $25.18. The company has a quick ratio of 0.88, a current ratio of 0.87 and a debt-to-equity ratio of 0.23.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings results on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. Equities research analysts anticipate that CB Financial Services will post 2.18 EPS for the current fiscal year.

CB Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Friday, November 15th. CB Financial Services’s payout ratio is currently 22.47%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CBFV. Acadian Asset Management LLC boosted its stake in shares of CB Financial Services by 115.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after purchasing an additional 1,119 shares during the last quarter. Barclays PLC lifted its stake in shares of CB Financial Services by 12.7% during the third quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after buying an additional 943 shares during the period. Fourthstone LLC acquired a new stake in CB Financial Services during the third quarter worth approximately $373,000. Commonwealth Equity Services LLC purchased a new stake in CB Financial Services in the 2nd quarter worth approximately $393,000. Finally, De Lisle Partners LLP raised its holdings in CB Financial Services by 9.1% in the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock valued at $823,000 after acquiring an additional 2,429 shares during the last quarter. Institutional investors and hedge funds own 33.06% of the company’s stock.

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.