StockNews.com started coverage on shares of CB Financial Services (NASDAQ:CBFV – Free Report) in a research report report published on Sunday morning. The brokerage issued a hold rating on the bank’s stock.
Separately, Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $25.00 price objective (up from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th.
Check Out Our Latest Report on CBFV
CB Financial Services Stock Up 0.8 %
CB Financial Services (NASDAQ:CBFV – Get Free Report) last posted its earnings results on Wednesday, July 24th. The bank reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. CB Financial Services had a net margin of 24.64% and a return on equity of 8.61%. The firm had revenue of $19.63 million during the quarter, compared to the consensus estimate of $12.60 million. On average, equities research analysts predict that CB Financial Services will post 2.21 earnings per share for the current year.
CB Financial Services Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Thursday, August 15th. CB Financial Services’s dividend payout ratio is currently 22.73%.
Institutional Investors Weigh In On CB Financial Services
Large investors have recently made changes to their positions in the business. Empowered Funds LLC lifted 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 buying an additional 2,100 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in CB Financial Services during the 2nd quarter valued at about $393,000. Finally, Acadian Asset Management LLC increased its stake in CB Financial Services by 115.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after buying an additional 1,119 shares during the period. Institutional investors and hedge funds 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.
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