FY2025 Earnings Forecast for CBFV Issued By DA Davidson

CB Financial Services, Inc. (NASDAQ:CBFV - Free Report) - Analysts at DA Davidson dropped their FY2025 earnings per share estimates for CB Financial Services in a report released on Wednesday, October 30th. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $1.95 for the year, down from their prior estimate of $2.05. DA Davidson currently has a "Neutral" rating and a $27.00 target price on the stock. The consensus estimate for CB Financial Services' current full-year earnings is $2.19 per share.

A number of other research analysts also recently commented on CBFV. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $25.00 price target (up previously from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th. StockNews.com initiated coverage on CB Financial Services in a research note on Thursday. They issued a "hold" rating for the company.

CB Financial Services Price Performance

CBFV stock remained flat at $28.65 during midday trading on Thursday. The company had a trading volume of 6,802 shares, compared to its average volume of 3,918. The stock has a market capitalization of $147.32 million, a P/E ratio of 6.44 and a beta of 0.57. The company's fifty day simple moving average is $27.77 and its 200 day simple moving average is $24.59. CB Financial Services has a fifty-two week low of $20.75 and a fifty-two week high of $29.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88.

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 for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. The company had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CBFV. Commonwealth Equity Services LLC bought a new position in CB Financial Services in the second quarter valued at about $393,000. Janney Montgomery Scott LLC grew its position in CB Financial Services by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank's stock valued at $10,204,000 after acquiring an additional 8,143 shares during the last quarter. Empowered Funds LLC grew its position in CB Financial Services by 7.9% in the first 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 last quarter. Finally, Acadian Asset Management LLC grew its position in CB Financial Services by 115.4% in 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. Institutional investors own 33.06% of the company's stock.

CB Financial Services Announces Dividend

The firm also recently announced 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 3.49%. The ex-dividend date of this dividend is Friday, November 15th. CB Financial Services's dividend payout ratio is presently 22.47%.

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.