StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV - Free Report) in a research note released on Wednesday morning. The brokerage issued a hold rating on the bank's stock.
Separately, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $25.00 target price (up previously from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th.
Get Our Latest Report on CBFV
CB Financial Services Price Performance
CB Financial Services stock traded up $0.44 during mid-day trading on Wednesday, hitting $28.58. 1,088 shares of the company traded hands, compared to its average volume of 3,921. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88. CB Financial Services has a one year low of $20.72 and a one year high of $29.50. The stock has a market cap of $146.96 million, a price-to-earnings ratio of 6.50 and a beta of 0.57. The stock has a fifty day moving average price of $27.33 and a 200-day moving average price of $24.31.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.52 earnings per share for the quarter, meeting analysts' consensus estimates of $0.52. The company had revenue of $19.63 million for the quarter, compared to analysts' expectations of $12.60 million. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. On average, equities analysts predict that CB Financial Services will post 2.19 earnings per share for the current fiscal year.
Hedge Funds Weigh In On CB Financial Services
Hedge funds have recently modified their holdings of the company. Empowered Funds LLC grew its stake in shares of CB Financial Services by 7.9% in the first quarter. Empowered Funds LLC now owns 28,804 shares of the bank's stock worth $623,000 after purchasing an additional 2,100 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of CB Financial Services during the second quarter valued at about $393,000. Finally, Acadian Asset Management LLC raised 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 worth $46,000 after buying an additional 1,119 shares in the last quarter. Hedge funds and other institutional investors own 33.06% of the company's stock.
CB Financial Services Company Profile
(
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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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