StockNews.com equity research analysts have begun covering stocks of CB Financial Services (NASDAQ:CBFV – Get an Assessment) in a note released Sunday to investors. The company has placed a “hold” rating on the bank’s shares.
Separately, TheStreet upgraded CB Financial Services from a ‘b’ to a ‘c+’ rating in a report dated Tuesday, May 24.
CB Financial Services Price Performance
Shares of CB Financial Services opened at $23.13 on Friday. The company has a 50-day simple moving average of $22.30 and a two-hundred-day simple moving average of $23.57. CB Financial Services has a 12-month low of $20.49 and a 12-month high of $26.80. The stock has a market capitalization of $119.12 million, a P/E ratio of 10.42 and a beta of 0.64. The company has a debt ratio of 0.14, a current ratio of 0.87 and a quick ratio of 0.87.
CB Financial Services (NASDAQ:CBFV – Get Rating) last announced its results on Thursday, April 28. The bank reported EPS of $0.59 for the quarter, beating consensus analyst estimates of $0.48 by $0.11. CB Financial Services achieved a return on equity of 8.38% and a net margin of 19.99%. The company had revenue of $12.51 million in the quarter. As a group, analysts expect CB Financial Services to post EPS of 2.35 for the current fiscal year.
Institutional investors weigh in on CB Financial Services
Hedge funds and other institutional investors have recently changed their positions in the stock. American Century Companies Inc. increased its equity stake in CB Financial Services by 36.4% in the fourth quarter. American Century Companies Inc. now owns 12,376 shares of the bank valued at $298,000 after buying 3,304 additional shares in the last quarter. UMB Bank NA MO acquired a new equity stake in CB Financial Services in the fourth quarter worth approximately $298,000. First National Trust Co increased its stake in CB Financial Services by 130.5% during the fourth quarter. First National Trust Co now owns 19,941 shares in the bank worth $480,000 after acquiring 11,291 additional shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in CB Financial Services 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 acquiring 2,742 additional shares in the last quarter. Finally, Petiole USA ltd acquired a new stake in CB Financial Services during the fourth quarter at a value of $4,310,000. Institutional investors and hedge funds hold 30.65% of the company’s shares.
About CB Financial Services
(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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