Analysts at StockNews.com started coverage on shares of CB Financial Services (NASDAQ:CBFV - Get Free Report) in a research note issued on Thursday. The brokerage set a "hold" rating on the bank's stock.
Separately, DA Davidson raised their price objective on CB Financial Services from $25.00 to $27.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th.
Read Our Latest Stock Analysis on CB Financial Services
CB Financial Services Stock Down 0.5 %
CBFV traded down $0.15 during trading hours on Thursday, hitting $28.81. 5,309 shares of the company's stock were exchanged, compared to its average volume of 4,452. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services has a 12-month low of $20.75 and a 12-month high of $33.72. The firm has a market cap of $147.62 million, a P/E ratio of 6.47 and a beta of 0.58. The firm has a 50 day moving average of $29.97 and a 200 day moving average of $26.83.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last announced its quarterly earnings data on Friday, October 25th. The bank reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. The company had revenue of $21.01 million for the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. Analysts predict that CB Financial Services will post 2.18 EPS for the current fiscal year.
Insider Activity
In other news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the business's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $32.63, for a total transaction of $111,431.45. Following the sale, the insider now owns 15,194 shares of the company's stock, valued at $495,780.22. The trade was a 18.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark E. Fox sold 3,538 shares of CB Financial Services stock in a transaction on Monday, December 16th. The stock was sold at an average price of $31.50, for a total value of $111,447.00. Following the transaction, the chairman now directly owns 11,414 shares of the company's stock, valued at approximately $359,541. This represents a 23.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,703 shares of company stock valued at $247,995 over the last quarter. Corporate insiders own 9.40% of the company's stock.
Institutional Investors Weigh In On CB Financial Services
Large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its stake 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 buying an additional 1,119 shares during the period. Barclays PLC raised its holdings in CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank's stock valued at $234,000 after acquiring an additional 943 shares during the last quarter. Fourthstone LLC purchased a new position in shares of CB Financial Services during the 3rd quarter worth $373,000. Commonwealth Equity Services LLC purchased a new stake in shares of CB Financial Services in the second quarter valued at $393,000. Finally, De Lisle Partners LLP grew its position in shares of CB Financial Services by 9.1% in the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank's stock valued at $823,000 after purchasing an additional 2,429 shares during the period. Institutional investors and hedge funds own 33.06% of the company's stock.
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.
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