CB Financial Services (NASDAQ:CBFV) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of CB Financial Services (NASDAQ:CBFVGet Rating) in a report issued on Monday. The firm set a “hold” rating on the bank’s stock.

A number of other equities analysts also recently commented on CBFV. DA Davidson restated a “neutral” rating on shares of CB Financial Services in a report on Wednesday, July 27th. TheStreet upgraded CB Financial Services from a “c+” rating to a “b” rating in a report on Friday, October 28th.

CB Financial Services Stock Performance

NASDAQ:CBFV opened at $21.82 on Monday. The firm has a market cap of $111.11 million, a PE ratio of 8.14 and a beta of 0.57. CB Financial Services has a fifty-two week low of $20.49 and a fifty-two week high of $26.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89. The business has a 50 day moving average price of $21.85 and a 200-day moving average price of $22.19.

CB Financial Services (NASDAQ:CBFVGet Rating) last released its quarterly earnings data on Thursday, October 27th. The bank reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. The firm had revenue of $13.75 million during the quarter. CB Financial Services had a return on equity of 8.24% and a net margin of 23.06%. Equities research analysts predict that CB Financial Services will post 2.18 earnings per share for the current year.

Hedge Funds Weigh In On CB Financial Services

A number of institutional investors have recently added to or reduced their stakes in CBFV. American Century Companies Inc. raised its holdings in CB Financial Services by 28.7% in the first quarter. American Century Companies Inc. now owns 15,928 shares of the bank’s stock worth $375,000 after purchasing an additional 3,552 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of CB Financial Services by 0.3% in the first quarter. Vanguard Group Inc. now owns 185,433 shares of the bank’s stock worth $4,451,000 after acquiring an additional 495 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of CB Financial Services by 1.8% in the first quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank’s stock worth $3,700,000 after acquiring an additional 2,742 shares during the last quarter. State Street Corp grew its stake in shares of CB Financial Services by 10.2% in the second quarter. State Street Corp now owns 11,641 shares of the bank’s stock worth $266,000 after acquiring an additional 1,080 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of CB Financial Services during the third quarter valued at $233,000. Institutional investors own 28.86% of the company’s stock.

CB Financial Services Company Profile

(Get Rating)

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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