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

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

Other analysts also recently issued research reports about the stock. DA Davidson upped their price target on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods reiterated 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.

CB Financial Services Price Performance

Shares of CBFV traded up $0.10 during trading hours on Friday, hitting $30.00. The stock had a trading volume of 1,851 shares, compared to its average volume of 7,327. The company's fifty day moving average is $28.50 and its two-hundred day moving average is $25.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $153.60 million, a price-to-earnings ratio of 6.74 and a beta of 0.56. CB Financial Services has a 52 week low of $20.75 and a 52 week high of $30.00.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last posted its earnings results on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. The business had revenue of $21.01 million during the quarter, compared to analysts' expectations of $12.60 million. On average, analysts anticipate that CB Financial Services will post 2.18 EPS 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Friday, November 15th. CB Financial Services's payout ratio is 22.47%.

Institutional Trading of CB Financial Services

A number of institutional investors have recently bought and sold shares of CBFV. Janney Montgomery Scott LLC grew 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 valued at $10,204,000 after purchasing an additional 8,143 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of CB Financial Services by 9.7% in the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank's stock valued at $1,352,000 after acquiring an additional 4,295 shares in the last quarter. Empowered Funds LLC boosted its position in CB Financial Services by 5.2% during the third quarter. Empowered Funds LLC now owns 32,572 shares of the bank's stock worth $911,000 after acquiring an additional 1,608 shares during the last quarter. De Lisle Partners LLP boosted its stake in CB Financial Services by 9.1% during the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank's stock worth $823,000 after buying an additional 2,429 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in CB Financial Services during the second quarter worth about $393,000. 33.06% of the stock is currently owned by 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.