StockNews.com Begins Coverage on CB Financial Services (NASDAQ:CBFV)

StockNews.com started coverage on shares of CB Financial Services (NASDAQ:CBFV - Get Free Report) in a report released on Tuesday. The firm set a "hold" rating on the bank's stock.

Separately, DA Davidson increased their price objective on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th.

CB Financial Services Trading Down 3.3 %

NASDAQ:CBFV traded down $1.05 on Tuesday, reaching $30.89. The company's stock had a trading volume of 2,949 shares, compared to its average volume of 4,377. CB Financial Services has a 12-month low of $20.75 and a 12-month high of $33.72. The stock has a 50 day moving average price of $29.84 and a 200 day moving average price of $26.58. The firm has a market cap of $158.28 million, a price-to-earnings ratio of 6.94 and a beta of 0.58. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued its quarterly earnings data on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. The firm had revenue of $21.01 million for the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. On average, equities analysts anticipate that CB Financial Services will post 2.18 EPS for the current fiscal year.

Insider Activity

In other CB Financial Services 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 shares were sold at an average price of $32.63, for a total transaction of $111,431.45. Following the completion of the transaction, the insider now owns 15,194 shares in the company, valued at $495,780.22. The trade was a 18.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have sold 4,165 shares of company stock worth $136,548. Corporate insiders own 9.40% of the company's stock.

Institutional Investors Weigh In On CB Financial Services

Hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC purchased a new position in CB Financial Services in the second quarter valued at $393,000. Janney Montgomery Scott LLC increased its holdings in shares of CB Financial Services by 2.3% in the 3rd 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. Wilmington Savings Fund Society FSB acquired a new stake in shares of CB Financial Services during the 3rd quarter worth about $941,000. Empowered Funds LLC lifted its stake in CB Financial Services by 5.2% during the third 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, Acadian Asset Management LLC lifted its stake in CB Financial Services by 115.4% during the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank's stock worth $46,000 after purchasing an additional 1,119 shares during the last quarter. 33.06% of the stock is currently owned by institutional investors and hedge funds.

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.