StockNews.com launched coverage on the shares of CB Financial Services (NASDAQ:CBFV – Get an Assessment) in a note released Friday to investors. The brokerage has placed a “hold” rating on the bank’s shares.
Separately, Zacks Investment Research upgraded shares of CB Financial Services from a “hold” rating to a “strong-buy” rating and set a target price of $29.00 for the company in a research note from the Thursday, February 3.
NASDAQ CBFV shares opened at $22.27 on Friday. CB Financial Services has a 12-month low of $21.30 and a 12-month high of $26.80. 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 $114.85 million, a price-earnings ratio of 10.03 and a beta of 0.68. The company has a 50-day simple moving average of $23.55 and a 200-day simple moving average of $24.16.
Separately, director Karl G. Baily purchased 1,000 shares of the company in a trade on Thursday, March 3. The shares were purchased at an average cost of $25.75 per share, for a total transaction of $25,750.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Company insiders hold 10.10% of the company’s shares.
Several large investors have recently changed their positions in CBFV. Petiole USA ltd acquired a new equity stake in CB Financial Services during the 4th quarter at a value of $4,310,000. The Manufacturers Life Insurance Company increased its stake in CB Financial Services by 393.5% during the third quarter. The Manufacturers Life Insurance Company now owns 151,286 shares of the bank valued at $3,548,000 after purchasing an additional 120,630 shares during the period. Fourthstone LLC increased its stake in CB Financial Services by 42.3% in the third quarter. Fourthstone LLC now owns 92,500 shares of the bank valued at $2,168,000 after purchasing an additional 27,516 shares during the period. UMB Bank NA MO acquired a new stake in CB Financial Services during the 4th quarter at a value of $298,000. Finally, First National Trust Co increased its stake 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 purchasing an additional 11,291 shares during the period. Institutional investors hold 30.65% of the company’s shares.
CB Financial Services Company Profile (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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