CB Financial Services (NASDAQ:CBFV) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of CB Financial Services (NASDAQ:CBFV) in a report published on Thursday morning, Benzinga reports. They currently have a $24.00 target price on the bank’s stock, down from their prior target price of $26.00.

Other research analysts have also issued reports about the company. DA Davidson reissued a neutral rating and issued a $24.00 price target on shares of CB Financial Services in a research report on Monday, February 5th. StockNews.com started coverage on CB Financial Services in a research report on Tuesday, April 30th. They set a hold rating on the stock.

CB Financial Services Trading Up 0.6 %

CBFV opened at $22.30 on Thursday. The firm has a market cap of $114.62 million, a price-to-earnings ratio of 5.07 and a beta of 0.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.25. CB Financial Services has a 12 month low of $17.20 and a 12 month high of $27.02. The stock has a fifty day moving average price of $21.74 and a 200-day moving average price of $22.45.

CB Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.48%. The ex-dividend date is Tuesday, May 14th. CB Financial Services’s dividend payout ratio is currently 22.73%.

Institutional Trading of CB Financial Services

An institutional investor recently raised its position in CB Financial Services stock. Janney Montgomery Scott LLC raised its position in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 326,985 shares of the bank’s stock after purchasing an additional 3,604 shares during the quarter. Janney Montgomery Scott LLC owned 6.39% of CB Financial Services worth $7,786,000 at the end of the most recent reporting period. Institutional investors 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.