CB Financial Services (NASDAQ:CBFV) coverage initiated by StockNews.com analysts


StockNews.com began covering stocks of CB Financial Services (NASDAQ:CBFV – Get an Assessment) in a research note published Wednesday. The brokerage has placed a “hold” rating on the bank’s shares.

Separately, Zacks Investment Research upgraded CB Financial Services shares from a “hold” rating to a “strong-buy” rating and set a target price of $29.00 on the stock in a research note. Thursday, February 3.

NASDAQ:CBFV opened at $23.69 on Wednesday. The company’s 50-day moving average price is $24.29 and its 200-day moving average price is $24.26. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt ratio of 0.13. The company has a market capitalization of $122.17 million, a P/E ratio of 10.97 and a beta of 0.71. CB Financial Services has a 12-month low of $21.16 and a 12-month high of $26.80.

CB Financial Services (NASDAQ:CBFV – Get Rating) last released its quarterly results on Friday, January 28. The bank reported earnings per share of $0.53 for the quarter, beating Thomson Reuters consensus estimate of $0.38 by $0.15. The company had revenue of $18.92 million for the quarter. CB Financial Services posted a net margin of 19.34% and a return on equity of 8.20%. On average, analysts expect CB Financial Services to post earnings per share of 2.15 for the current year.

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In other news, Director Karl G. Baily purchased 1,000 shares of CB Financial Services in a trade Thursday, March 3. The shares were purchased at an average cost of $25.75 per share, with a total value of $25,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. 10.00% of the shares are held by insiders.

Several institutional investors and hedge funds have recently changed their positions in CBFV. Royal Bank of Canada increased its position in CB Financial Services shares by 172.0% during the second quarter. Royal Bank of Canada now owns 1,333 shares of the bank valued at $29,000 after acquiring 843 more shares in the last quarter. UBS Group AG increased its position in CB Financial Services shares by 196.1% during the third quarter. UBS Group AG now owns 1,913 shares of the bank valued at $45,000 after acquiring 1,267 additional shares in the last quarter. First National Trust Co acquired a new stake in shares of CB Financial Services during the third quarter worth approximately $203,000. American Century Companies Inc. acquired a new stake in shares of CB Financial Services during the third quarter valued at approximately $209,000. Finally, UMB Bank NA MO acquired a new equity stake in CB Financial Services during the fourth quarter valued at approximately $298,000. Institutional investors and hedge funds hold 26.55% 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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