StockNews.com started coverage on shares of CB Financial Services (NASDAQ:CBFV – Free Report) in a research report sent to investors on Monday morning. The firm issued a hold rating on the bank’s stock.
Separately, DA Davidson reaffirmed a neutral rating and set a $24.00 target price on shares of CB Financial Services in a research note on Monday, February 5th.
Get Our Latest Stock Report on CB Financial Services
CB Financial Services Trading Up 0.2 %
CB Financial Services (NASDAQ:CBFV – Get Free Report) last announced its earnings results on Wednesday, January 31st. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $27.65 million during the quarter, compared to analysts’ expectations of $12.90 million. CB Financial Services had a return on equity of 10.26% and a net margin of 26.15%. On average, sell-side analysts predict that CB Financial Services will post 2.17 EPS for the current fiscal year.
CB Financial Services Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a $0.25 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.67%. CB Financial Services’s dividend payout ratio (DPR) is presently 22.88%.
Hedge Funds Weigh In On CB Financial Services
A hedge fund recently raised its stake in CB Financial Services stock. Janney Montgomery Scott LLC grew its stake in CB Financial Services, Inc. (NASDAQ:CBFV – Free Report) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 323,381 shares of the bank’s stock after acquiring an additional 12,218 shares during the quarter. Janney Montgomery Scott LLC owned about 6.32% of CB Financial Services worth $6,920,000 as of its most recent SEC filing. 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.
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