StockNews.com took over stock coverage of CB Financial Services (NASDAQ:CBFV – Get an Assessment) in a report released Tuesday. The company has placed a “holding” rating on the bank’s shares.
Separately, TheStreet downgraded shares of CB Financial Services from a “b” rating to a “c+” rating in a research report on Tuesday, May 24.
CB Financial Services stock opened Tuesday at $21.12. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt ratio of 0.14. The company has a 50-day moving average price of $22.67 and a two-hundred-day moving average price of $23.90. The company has a market capitalization of $108.81 million, a price-earnings ratio of 9.51 and a beta of 0.68. CB Financial Services has a 52-week low of $21.02 and a 52-week high of $26.80.
Several hedge funds have recently increased or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in CB Financial Services shares by 1.8% during the first quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank worth $3,700,000 after buying 2,742 more shares last quarter. Vanguard Group Inc. increased its position in CB Financial Services shares by 0.3% during the first quarter. Vanguard Group Inc. now owns 185,433 shares of the bank worth $4,451,000 after buying 495 additional shares last quarter. American Century Companies Inc. increased its equity stake in CB Financial Services by 28.7% in Q1. American Century Companies Inc. now owns 15,928 shares of the bank worth $375,000 after buying 3,552 additional shares last quarter. BlackRock Inc. increased its stake in CB Financial Services shares by 2.9% in the fourth quarter. BlackRock Inc. now owns 14,170 shares of the bank worth $340,000 after buying 405 more shares in the last quarter. Finally, Petiole USA ltd purchased a new equity stake in CB Financial Services in the 4th quarter for a value of approximately $4,310,000. Institutional investors hold 30.65% of the company’s shares.
CB Financial Services Company Profile (Get an evaluation)
CB Financial Services, Inc operates as a bank holding company for Community Bank which provides various personal and business banking products and services in Southwestern Pennsylvania, West Virginia and Ohio. The Company’s main deposit products include demand deposits, NOW accounts, money market accounts and savings accounts, as well as term deposit products.
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