CB Financial Services (NASDAQ:CBFV) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV - Free Report) in a research note released on Friday morning. The brokerage issued a hold rating on the bank's stock.

CBFV has been the topic of a number of other research reports. Keefe, Bruyette & Woods restated a "market perform" rating and set a $25.00 price target (up previously from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th. DA Davidson upped their target price on CB Financial Services from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th.

CB Financial Services Stock Down 2.6 %

Shares of CB Financial Services stock traded down $0.77 during trading on Friday, reaching $28.51. The company's stock had a trading volume of 7,536 shares, compared to its average volume of 4,032. CB Financial Services has a 1-year low of $20.75 and a 1-year high of $29.90. The company has a 50-day simple moving average of $28.02 and a two-hundred day simple moving average of $24.91. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The company has a market cap of $146.60 million, a price-to-earnings ratio of 6.41 and a beta of 0.56.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued its quarterly earnings results on Friday, October 25th. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. CB Financial Services had a return on equity of 8.39% and a net margin of 24.51%. The business had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. As a group, equities analysts forecast that CB Financial Services will post 2.18 earnings per share for the current year.

CB Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Friday, November 15th. CB Financial Services's dividend payout ratio is currently 22.47%.

Institutional Trading of CB Financial Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its position in shares of CB Financial Services by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank's stock worth $911,000 after purchasing an additional 1,608 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in CB Financial Services by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank's stock worth $10,204,000 after buying an additional 8,143 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of CB Financial Services by 115.4% during the second 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 last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in shares of CB Financial Services in the second quarter valued at approximately $393,000. 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.