CB Financial Services (NASDAQ:CBFV) Stock Rating Upgraded by Zacks Research

CB Financial Services (NASDAQ:CBFV) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on CBFV. Keefe, Bruyette & Woods decreased their price target on CB Financial Services from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. DA Davidson initiated coverage on CB Financial Services in a research note on Wednesday, February 25th. They issued a “buy” rating and a $43.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CB Financial Services in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.00.

CB Financial Services Price Performance

CB Financial Services stock opened at $35.14 on Tuesday. The stock’s fifty day moving average price is $34.90 and its two-hundred day moving average price is $34.91. CB Financial Services has a one year low of $27.11 and a one year high of $37.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $178.23 million, a PE ratio of 27.24 and a beta of 0.28.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. CB Financial Services had a return on equity of 10.16% and a net margin of 8.32%.The firm had revenue of $14.82 million for the quarter, compared to analyst estimates of $15.50 million. As a group, research analysts expect that CB Financial Services will post 3.12 EPS for the current fiscal year.

Insider Buying and Selling at CB Financial Services

In related news, insider Stephen Cobain sold 1,792 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $34.58, for a total transaction of $61,967.36. Following the sale, the insider owned 4,313 shares of the company’s stock, valued at $149,143.54. This trade represents a 29.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CBFV. Hazlett Burt & Watson Inc. acquired a new position in shares of CB Financial Services in the 4th quarter valued at about $33,000. BNP Paribas Financial Markets increased its holdings in CB Financial Services by 89.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock worth $45,000 after purchasing an additional 635 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in CB Financial Services by 902.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,457 shares of the bank’s stock worth $70,000 after purchasing an additional 2,212 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in CB Financial Services during the 2nd quarter worth approximately $73,000. Finally, Raymond James Financial Inc. bought a new stake in CB Financial Services during the 2nd quarter worth approximately $99,000. 33.06% of the stock is owned by institutional investors and hedge funds.

CB Financial Services Company Profile

CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.

The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.