CB Financial Services (NASDAQ:CBFV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

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. “

Several other research firms have also issued reports on CBFV. TheStreet raised CB Financial Services from a “c+” rating to a “b-” rating in a research note on Wednesday, February 27th. ValuEngine lowered CB Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th.

NASDAQ:CBFV opened at $24.89 on Tuesday. The company has a market capitalization of $135.30 million, a PE ratio of 14.73, a P/E/G ratio of 1.16 and a beta of 0.41. CB Financial Services has a 1 year low of $22.82 and a 1 year high of $36.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86.

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

In other CB Financial Services news, Director John J. Lacarte purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $24.99 per share, with a total value of $74,970.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Bedway purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were acquired at an average cost of $26.13 per share, with a total value of $104,520.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,102 shares of company stock valued at $182,005 over the last three months. 10.60% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of CBFV. Northern Trust Corp bought a new stake in shares of CB Financial Services during the 2nd quarter worth approximately $1,443,000. First Trust Advisors LP bought a new stake in shares of CB Financial Services during the 3rd quarter worth approximately $233,000. BlackRock Inc. lifted its stake in shares of CB Financial Services by 2.1% during the 3rd quarter. BlackRock Inc. now owns 214,500 shares of the bank’s stock worth $6,617,000 after acquiring an additional 4,335 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of CB Financial Services by 98.0% during the 3rd quarter. Renaissance Technologies LLC now owns 15,309 shares of the bank’s stock worth $472,000 after acquiring an additional 7,576 shares during the last quarter. Finally, HBK Sorce Advisory LLC bought a new stake in shares of CB Financial Services during the 3rd quarter worth approximately $602,000. 28.17% of the stock is owned by hedge funds and other 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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