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

StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research note published on Wednesday. The firm issued a hold rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $25.00 price objective (up from $24.00) on shares of CB Financial Services in a report on Monday, July 29th.

CB Financial Services Stock Performance

NASDAQ:CBFV opened at $28.50 on Wednesday. CB Financial Services has a 52-week low of $20.75 and a 52-week high of $29.50. The business’s fifty day moving average is $27.49 and its 200 day moving average is $24.39. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $146.55 million, a price-to-earnings ratio of 6.48 and a beta of 0.57.

CB Financial Services (NASDAQ:CBFV) last posted its earnings results on Wednesday, July 24th. The bank reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. The business had revenue of $19.63 million during the quarter, compared to analysts’ expectations of $12.60 million. Research analysts predict that CB Financial Services will post 2.19 EPS for the current year.

Hedge Funds Weigh In On CB Financial Services

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in CB Financial Services by 7.9% during the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after acquiring an additional 2,100 shares during the period. Commonwealth Equity Services LLC purchased a new stake in CB Financial Services during the 2nd quarter valued at about $393,000. Finally, Acadian Asset Management LLC boosted its holdings 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 acquiring an additional 1,119 shares during the period. 33.06% of the stock is currently 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.