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


StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV – Get Rating) in a report issued on Monday. The brokerage set a “hold” rating on the bank’s stock.

Separately, Zacks Investment Research raised CB Financial Services from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research report on Thursday, February 3rd.

Shares of CB Financial Services stock opened at $22.18 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $114.38 million, a P/E ratio of 10.27 and a beta of 0.71. The business has a 50-day moving average of $24.79 and a two-hundred day moving average of $24.26. CB Financial Services has a 1 year low of $20.50 and a 1 year high of $26.80.

CB Financial Services (NASDAQ:CBFV – Get Rating) last posted its quarterly earnings data on Friday, January 28th. The bank reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.15. The company had revenue of $18.92 million during the quarter. CB Financial Services had a return on equity of 8.20% and a net margin of 19.34%. On average, equity analysts anticipate that CB Financial Services will post 2.15 EPS for the current fiscal year.

In related news, Director Karl G. Baily purchased 1,000 shares of CB Financial Services stock in a transaction that occurred on Thursday, March 3rd. The stock was purchased at an average cost of $25.75 per share, with a total value of $25,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley raised its stake in CB Financial Services by 26.9% in the second quarter. Morgan Stanley now owns 16,630 shares of the bank’s stock valued at $369,000 after buying an additional 3,527 shares during the period. Royal Bank of Canada raised its stake in CB Financial Services by 172.0% in the second quarter. Royal Bank of Canada now owns 1,333 shares of the bank’s stock valued at $29,000 after buying an additional 843 shares during the period. First National Trust Co bought a new stake in CB Financial Services in the third quarter valued at approximately $203,000. American Century Companies Inc. bought a new stake in CB Financial Services in the third quarter valued at approximately $209,000. Finally, Geode Capital Management LLC raised its stake in CB Financial Services by 6.3% in the third quarter. Geode Capital Management LLC now owns 47,616 shares of the bank’s stock valued at $1,096,000 after buying an additional 2,807 shares during the period. 26.55% of the stock is owned by hedge funds and other institutional investors.

About CB Financial Services (Get Rating)

CB Financial Services, Inc is a bank holding company, which engages in the provision of financial solutions. The company operates through the Community Banking and Insurance Brokerage Services segments. It offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans as well as a variety of deposit products for individuals and businesses.

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