Zacks Investment Research lowered shares of CB Financial Services (NASDAQ:CBFV) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

According to Zacks, “CB Financial Services, Inc. is the bank holding company for Community Bank, a chartered commercial bank. The Bank’s services include personal banking and business banking. It offers checking, loan accounts, individual retirement accounts, wealth management, certificates of deposit, recorder check, business checking accounts, business loans, cash management and re-order check. The Bank offers other services, including merchant services, financial and wealth management, wire transfers, credit card, ATM, and online banking services. It serves business owners, non-profit groups, government agencies, school administrators, and individual personal account holders in Pennsylvania. CB Financial Services, Inc. is based in Carmichaels, Pennsylvania. “

Separately, TheStreet upgraded shares of CB Financial Services from a c+ rating to a b- rating in a research report on Wednesday, February 27th.

CBFV opened at $25.00 on Monday. The stock has a market cap of $129.94 million, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 1.12 and a beta of 0.41. CB Financial Services has a twelve month low of $22.82 and a twelve month high of $36.95. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings results on Thursday, January 31st. The bank reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The business had revenue of $12.77 million for the quarter, compared to analyst estimates of $12.55 million. CB Financial Services had a return on equity of 6.49% and a net margin of 13.81%. Equities analysts predict that CB Financial Services will post 2.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Monday, March 11th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 8th. This is a positive change from CB Financial Services’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 3.84%. CB Financial Services’s payout ratio is presently 56.80%.

In other CB Financial Services news, Director Jonathan Bedway purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, February 26th. The shares were purchased at an average cost of $26.13 per share, for a total transaction of $104,520.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John J. Lacarte bought 2,250 shares of CB Financial Services stock in a transaction on Tuesday, December 18th. The shares were purchased at an average cost of $25.25 per share, for a total transaction of $56,812.50. The disclosure for this purchase can be found here. Insiders have purchased 6,852 shares of company stock worth $176,108 over the last 90 days. 10.60% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in CB Financial Services by 2.1% during the third quarter. BlackRock Inc. now owns 214,500 shares of the bank’s stock worth $6,617,000 after purchasing an additional 4,335 shares during the period. Northern Trust Corp purchased a new position in CB Financial Services during the second quarter worth about $1,443,000. Renaissance Technologies LLC raised its stake in CB Financial Services by 98.0% during the third quarter. Renaissance Technologies LLC now owns 15,309 shares of the bank’s stock worth $472,000 after purchasing an additional 7,576 shares during the period. Janney Montgomery Scott LLC raised its stake in CB Financial Services by 5.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 169,247 shares of the bank’s stock worth $4,194,000 after purchasing an additional 8,774 shares during the period. Finally, Wesbanco Bank Inc. raised its stake in CB Financial Services by 3.3% during the fourth quarter. Wesbanco Bank Inc. now owns 57,705 shares of the bank’s stock worth $1,430,000 after purchasing an additional 1,825 shares during the period. 28.17% of the stock is currently owned by institutional investors.

About CB Financial Services

CB Financial Services, Inc operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania. The company's deposit products include demand deposits, NOW accounts, money market accounts, savings accounts, and time deposits.

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