StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV - Free Report) in a research report report published on Saturday morning. The brokerage issued a hold rating on the bank's stock.
A number of other research analysts have also recently issued reports on CBFV. DA Davidson lifted their price objective on shares of CB Financial Services from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. 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.
Check Out Our Latest Analysis on CB Financial Services
CB Financial Services Stock Performance
NASDAQ CBFV traded up $0.44 during trading on Friday, reaching $28.89. The company's stock had a trading volume of 8,508 shares, compared to its average volume of 4,199. The firm has a 50 day moving average price of $28.24 and a 200 day moving average price of $25.16. CB Financial Services has a 12 month low of $20.75 and a 12 month high of $29.90. The firm has a market capitalization of $147.92 million, a price-to-earnings ratio of 6.49 and a beta of 0.56. The company has a current ratio of 0.87, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. As a group, equities analysts anticipate that CB Financial Services will post 2.18 EPS for the current fiscal year.
CB Financial Services Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, November 15th. CB Financial Services's dividend payout ratio (DPR) is currently 22.47%.
Hedge Funds Weigh In On CB Financial Services
Several large investors have recently modified their holdings of the business. Commonwealth Equity Services LLC acquired a new stake in CB Financial Services in the second quarter valued at $393,000. Acadian Asset Management LLC lifted its stake in shares of 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 acquiring an additional 1,119 shares during the period. Janney Montgomery Scott LLC boosted its holdings 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 raised its holdings in CB Financial Services by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 32,572 shares of the bank's stock worth $911,000 after purchasing an additional 1,608 shares during the last quarter. Finally, De Lisle Partners LLP lifted its position in shares of CB Financial Services by 9.1% in the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank's stock worth $823,000 after purchasing an additional 2,429 shares during the period. Institutional investors 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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