CB Financial Services Inc (NASDAQ:CBFV) – Equities researchers at DA Davidson reduced their Q3 2018 earnings per share estimates for shares of CB Financial Services in a note issued to investors on Monday. DA Davidson analyst R. Gunther now expects that the bank will post earnings of $0.42 per share for the quarter, down from their previous forecast of $0.44. DA Davidson has a “Buy” rating and a $36.00 price target on the stock. DA Davidson also issued estimates for CB Financial Services’ Q4 2018 earnings at $0.59 EPS, Q1 2019 earnings at $0.70 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.70 EPS and Q4 2019 earnings at $0.70 EPS.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Monday, February 12th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.17). The company had revenue of $9.52 million during the quarter, compared to analyst estimates of $9.63 million. CB Financial Services had a net margin of 17.26% and a return on equity of 7.46%.

Several other brokerages have also recently issued reports on CBFV. Zacks Investment Research cut CB Financial Services from a “hold” rating to a “sell” rating in a research note on Monday, January 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $33.00 price target on shares of CB Financial Services in a research note on Friday, December 22nd.

Shares of CB Financial Services (NASDAQ CBFV) traded up $0.61 during midday trading on Wednesday, hitting $30.55. The stock had a trading volume of 3,700 shares, compared to its average volume of 3,636. The firm has a market capitalization of $122.64, a PE ratio of 18.08, a P/E/G ratio of 1.63 and a beta of 0.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. CB Financial Services has a twelve month low of $25.10 and a twelve month high of $31.90.

A number of institutional investors have recently bought and sold shares of CBFV. Vanguard Group Inc. raised its stake in CB Financial Services by 1.6% in the second quarter. Vanguard Group Inc. now owns 63,052 shares of the bank’s stock valued at $1,645,000 after buying an additional 1,021 shares in the last quarter. Janney Capital Management LLC raised its stake in CB Financial Services by 33.5% in the third quarter. Janney Capital Management LLC now owns 21,933 shares of the bank’s stock valued at $637,000 after buying an additional 5,500 shares in the last quarter. Wells Fargo & Company MN raised its stake in CB Financial Services by 653.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,658 shares of the bank’s stock valued at $169,000 after buying an additional 4,907 shares in the last quarter. Gendell Jeffrey L raised its stake in CB Financial Services by 13.8% in the fourth quarter. Gendell Jeffrey L now owns 47,125 shares of the bank’s stock valued at $1,414,000 after buying an additional 5,717 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in CB Financial Services by 10.5% in the fourth quarter. Kennedy Capital Management Inc. now owns 100,718 shares of the bank’s stock valued at $3,022,000 after buying an additional 9,574 shares in the last quarter. Institutional investors own 21.29% of the company’s stock.

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About CB Financial Services

CB Financial Services, Inc is the bank holding company for Community Bank (the Bank). The Company operates in community banking segment. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area.

Earnings History and Estimates for CB Financial Services (NASDAQ:CBFV)

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