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

StockNews.com initiated coverage on shares of CB Financial Services (NASDAQ:CBFVFree Report) in a research report released on Thursday morning. The firm issued a hold rating on the bank’s stock.

Several other brokerages also recently commented on CBFV. Keefe, Bruyette & Woods reissued a market perform rating and issued a $24.00 price objective (down previously from $26.00) on shares of CB Financial Services in a research note on Thursday, May 2nd. DA Davidson reiterated a neutral rating and issued a $24.00 price target on shares of CB Financial Services in a research note on Monday, February 5th.

View Our Latest Stock Analysis on CB Financial Services

CB Financial Services Trading Up 0.4 %

Shares of CBFV opened at $22.77 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.91 and a current ratio of 0.89. CB Financial Services has a 52-week low of $18.62 and a 52-week high of $27.02. The firm has a market cap of $117.08 million, a price-to-earnings ratio of 5.18 and a beta of 0.54. The business’s fifty day moving average is $21.83 and its 200-day moving average is $22.53.

CB Financial Services (NASDAQ:CBFVGet Free Report) last released its earnings results on Friday, April 26th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. The firm had revenue of $13.51 million for the quarter, compared to analysts’ expectations of $12.10 million. CB Financial Services had a return on equity of 9.12% and a net margin of 25.36%. Equities analysts anticipate that CB Financial Services will post 2.22 EPS for the current fiscal year.

CB Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, May 14th. CB Financial Services’s payout ratio is 22.73%.

Hedge Funds Weigh In On CB Financial Services

An institutional investor recently raised its position in CB Financial Services stock. Empowered Funds LLC boosted its stake in shares of CB Financial Services, Inc. (NASDAQ:CBFVFree Report) by 7.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,804 shares of the bank’s stock after buying an additional 2,100 shares during the quarter. Empowered Funds LLC owned approximately 0.56% of CB Financial Services worth $623,000 as of its most recent SEC filing. 33.06% of the stock is currently owned by institutional investors and hedge funds.

About CB Financial Services

(Get Free Report)

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.

Further Reading

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