CB Financial Services (NASDAQ:CBFV) Raised to “Hold” at Wall Street Zen

CB Financial Services (NASDAQ:CBFV) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of CB Financial Services in a research note on Monday, September 21st. DA Davidson reissued a “buy” rating and set a $44.00 price target on shares of CB Financial Services in a report on Tuesday, October 27th. Finally, Keefe, Bruyette & Woods increased their target price on CB Financial Services from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

CB Financial Services Price Performance

Shares of NASDAQ CBFV opened at $40.70 on Friday. The business has a 50-day moving average price of $37.96 and a 200 day moving average price of $36.39. The stock has a market cap of $206.76 million, a PE ratio of 11.94 and a beta of 0.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. CB Financial Services has a 52-week low of $32.00 and a 52-week high of $41.31.

CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Monday, October 26th. The bank reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.10. The business had revenue of $16.02 million for the quarter, compared to analyst estimates of $16.25 million. CB Financial Services had a net margin of 21.00% and a return on equity of 10.56%. Equities research analysts forecast that CB Financial Services will post 3.30 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Stephen Cobain sold 1,500 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $37.10, for a total value of $55,650.00. Following the transaction, the insider directly owned 4,313 shares in the company, valued at $160,012.30. This trade represents a 25.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Swiatek sold 1,000 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $37.06, for a total transaction of $37,060.00. Following the completion of the transaction, the director directly owned 12,644 shares in the company, valued at approximately $468,586.64. This represents a 7.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 4,610 shares of company stock valued at $177,933. Insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On CB Financial Services

Several hedge funds and other institutional investors have recently bought and sold shares of CBFV. Deutsche Bank AG bought a new position in CB Financial Services during the 2nd quarter worth $173,000. Bank of America Corp DE bought a new position in CB Financial Services in the 2nd quarter valued at about $212,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in CB Financial Services during the 2nd quarter valued at about $351,000. HBK Sorce Advisory LLC acquired a new position in CB Financial Services during the 2nd quarter valued at about $393,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of CB Financial Services during the 2nd quarter worth about $407,000. 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 Carmichaels, Pennsylvania. Its principal subsidiary, Community Bank, provides personal and business banking services to individuals, families, farms, and companies in the communities it serves.

Community Bank offers a range of deposit products, including checking, savings, money market, and time deposit accounts. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, business loans, agricultural loans, and consumer credit.