CB Financial Services (NASDAQ:CBFV) research coverage has begun on StockNews.com

StockNews.com analysts have launched a hedge on the shares of CB Financial Services (NASDAQ:CBFV – Get an Assessment) in a research note published Sunday. The brokerage has placed a “hold” rating on the bank’s shares.

The CBFV has been the subject of several other reports. DA Davidson reaffirmed a “neutral” rating on CB Financial Services shares in a Wednesday, July 27 report. TheStreet upgraded the shares of CB Financial Services from a “c+” rating to a “b” rating in a Friday, October 28 research note.

CB Financial Services Price Performance

NASDAQ CBFV shares opened at $22.05 on Friday. CB Financial Services has a fifty-two week minimum of $20.49 and a fifty-two week maximum of $26.80. The company has a debt ratio of 0.15, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $112.68 million, a price-earnings ratio of 8.23 ​​and a beta of 0.57. The company has a 50-day moving average of $21.86 and a 200-day moving average of $22.24.

CB Financial Services (NASDAQ:CBFV – Get Rating) last released quarterly earnings data on Thursday, October 27. The bank reported earnings per share (EPS) of $0.71 for the quarter, beating the consensus estimate of $0.55 by $0.16. The company had revenue of $13.75 million in the quarter. CB Financial Services posted a net margin of 23.06% and a return on equity of 7.96%. As a group, sell-side analysts expect CB Financial Services to post earnings per share of 2.18 for the current fiscal year.

Institutional investors weigh in on CB Financial Services

A number of institutional investors and hedge funds have recently increased or reduced their stake in CBFV. Dimensional Fund Advisors LP acquired a new stake in CB Financial Services in Q3 worth approximately $233,000. State Street Corp increased its position in CB Financial Services by 10.2% in the second quarter. State Street Corp now owns 11,641 shares of the bank valued at $266,000 after purchasing an additional 1,080 shares during the period. American Century Companies Inc. increased its stake in CB Financial Services by 28.7% in the 1st quarter. American Century Companies Inc. now owns 15,928 shares of the bank valued at $375,000 after acquiring 3,552 additional shares last quarter. The Manufacturers Life Insurance Company increased its stake in CB Financial Services shares by 1.8% in 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. Finally, Vanguard Group Inc. increased its stake in shares of CB Financial Services by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 185,433 shares of the bank worth $4,451,000 after buying 495 additional shares last quarter. Hedge funds and other institutional investors hold 28.86% of the company’s shares.

About CB Financial Services

(Get a rating)

CB Financial Services, Inc operates as a banking 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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