CB Financial Services (NASDAQ:CBFV) Now Covered by StockNews.com

StockNews.com started coverage on shares of CB Financial Services (NASDAQ:CBFV) in a research report released on Friday. The firm issued a hold rating on the bank’s stock.

Several other research firms have also recently issued reports on CBFV. DA Davidson reiterated a neutral rating and issued a $24.00 price objective on shares of CB Financial Services in a report on Monday, February 5th. Keefe, Bruyette & Woods reissued a market perform rating and set a $24.00 target price (down from $26.00) on shares of CB Financial Services in a research note on Thursday, May 2nd.

CB Financial Services Stock Down 0.6 %

Shares of CB Financial Services stock traded down $0.14 during trading on Friday, reaching $22.56. The company had a trading volume of 2,860 shares, compared to its average volume of 4,385. The company has a market cap of $115.96 million, a price-to-earnings ratio of 5.13 and a beta of 0.54. The firm’s fifty day moving average is $21.92 and its 200-day moving average is $22.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 0.89. CB Financial Services has a fifty-two week low of $18.68 and a fifty-two week high of $27.02.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. CB Financial Services had a net margin of 25.36% and a return on equity of 9.12%. The business had revenue of $13.51 million during the quarter, compared to the consensus estimate of $12.10 million. On average, analysts anticipate that CB Financial Services will post 2.22 EPS for the current year.

CB Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.43%. CB Financial Services’s payout ratio is presently 22.73%.

Institutional Trading of CB Financial Services

An institutional investor recently raised its position in CB Financial Services stock. Empowered Funds LLC raised its stake in CB Financial Services, Inc. (NASDAQ:CBFV) by 7.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,804 shares of the bank’s stock after purchasing an additional 2,100 shares during the period. Empowered Funds LLC owned approximately 0.56% of CB Financial Services worth $623,000 as of its most recent SEC filing. 33.06% of the stock is owned by institutional investors and hedge funds.

CB Financial Services Company Profile

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, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products.