CB Financial Services (NASDAQ:CBFV - Free Report) had its target price upped by DA Davidson from $25.00 to $27.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the bank's stock.
Other equities analysts have also recently issued research reports about the company. StockNews.com began coverage on CB Financial Services in a research note on Wednesday, October 23rd. They issued a "hold" rating for the company. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $25.00 target price (up previously from $24.00) on shares of CB Financial Services in a report on Monday, July 29th.
Read Our Latest Report on CBFV
CB Financial Services Trading Down 0.2 %
Shares of CBFV traded down $0.07 during midday trading on Tuesday, reaching $28.41. The company had a trading volume of 2,998 shares, compared to its average volume of 3,906. CB Financial Services has a 1-year low of $20.75 and a 1-year high of $29.50. The stock has a market cap of $146.08 million, a PE ratio of 6.50 and a beta of 0.57. The firm has a 50 day simple moving average of $27.56 and a 200-day simple moving average of $24.49. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued 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. The business had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. Research analysts forecast that CB Financial Services will post 2.19 EPS for the current fiscal year.
CB Financial Services Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.52%. CB Financial Services's dividend payout ratio is currently 22.73%.
Institutional Trading of CB Financial Services
Institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC purchased a new stake in shares of CB Financial Services in the second quarter valued at $393,000. Empowered Funds LLC increased its stake 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 purchasing an additional 2,100 shares during the last quarter. Acadian Asset Management LLC increased its stake 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 purchasing an additional 1,119 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in CB Financial Services by 2.3% during the third quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank's stock worth $10,204,000 after acquiring an additional 8,143 shares during the last quarter. 33.06% of the stock is currently owned by hedge funds and other institutional investors.
CB Financial Services Company Profile
(
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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