CB Financial Services (NASDAQ:CBFV) Earns Neutral Rating from DA Davidson

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DA Davidson has reissued its neutral rating on the shares of CB Financial Services (NASDAQ:CBFV – Get a rating) in a research note published Wednesday, reports PriceTargets.com. DA Davidson also released estimates for CB Financial Services second quarter 2022 earnings at $0.52 EPS, fiscal year 2022 earnings at $2.35 EPS and fiscal year 2023 earnings at $2.60. $EPS.

CBFV has been the subject of a number of other research reports. StockNews.com launched coverage on CB Financial Services shares in a research note on Sunday, July 24. They issued a holding note for the company. TheStreet downgraded CB Financial Services shares from ab to c+ in a research report on Tuesday, May 24.

CB Financial Services Price Performance

Shares of CB Financial Services opened at $23.67 on Wednesday. CB Financial Services has a 52-week low of $20.49 and a 52-week high of $26.80. The stock has a market capitalization of $121.95 million, a price-earnings ratio of 10.66 and a beta of 0.64. The company has a fifty-day moving average of $22.41 and a 200-day moving average of $23.54. The company has a debt ratio of 0.14, a quick ratio of 0.87 and a current ratio of 0.87.

CB Financial Services (NASDAQ:CBFV – Get Rating) last reported quarterly earnings data on Thursday, April 28. The bank reported earnings per share (EPS) of $0.59 for the quarter, beating consensus analyst estimates of $0.48 by $0.11. CB Financial Services posted a net margin of 19.99% and a return on equity of 8.38%. The company had revenue of $12.51 million in the quarter. Equity research analysts expect CB Financial Services to post EPS of 2.35 for the current year.

CB Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31. Shareholders of record on Friday August 19 will receive a dividend of $0.24 per share. The ex-dividend date is Thursday, August 18. This represents an annualized dividend of $0.96 and a yield of 4.06%. CB Financial Services’ payout ratio is currently 43.24%.

Institutional investors weigh in on CB Financial Services

Institutional investors have recently increased or reduced their stake in the company. Vanguard Group Inc. increased its position in CB Financial Services shares by 0.3% in the first quarter. Vanguard Group Inc. now owns 185,433 shares of the bank worth $4,451,000 after purchasing an additional 495 shares during the period. The Manufacturers Life Insurance Company increased its position in CB Financial Services by 1.8% in the first quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank valued at $3,700,000 after acquiring an additional 2,742 shares during the period. American Century Companies Inc. increased its position in CB Financial Services by 36.4% in the 4th quarter. American Century Companies Inc. now owns 12,376 shares of the bank valued at $298,000 after acquiring 3,304 additional shares during the period. First National Trust Co increased its position in CB Financial Services by 130.5% during the 4th quarter. First National Trust Co now owns 19,941 shares of the bank valued at $480,000 after acquiring an additional 11,291 shares during the period. Finally, UMB Bank NA MO bought a new position in CB Financial Services during Q4, valued at around $298,000. Hedge funds and other institutional investors own 30.65% of the company’s shares.

About CB Financial Services

(Get a rating)

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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