Zacks Investment Research Upgrades CB Financial Services, Inc. (CBFV) to Buy

Zacks Investment Research upgraded shares of CB Financial Services, Inc. (NASDAQ:CBFV) from a hold rating to a buy rating in a research note published on Wednesday, November 1st. Zacks Investment Research currently has $33.00 price target on the bank’s stock.

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, Keefe, Bruyette & Woods restated a hold rating and set a $30.00 price target on shares of CB Financial Services in a research note on Wednesday, November 1st.

CB Financial Services (NASDAQ:CBFV) traded down $0.05 during trading on Wednesday, hitting $29.65. The company’s stock had a trading volume of 100 shares, compared to its average volume of 4,221. The company has a market cap of $121.41, a P/E ratio of 16.05, a P/E/G ratio of 1.62 and a beta of 0.36. CB Financial Services has a 1-year low of $23.00 and a 1-year high of $30.50. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.26.

COPYRIGHT VIOLATION WARNING: “Zacks Investment Research Upgrades CB Financial Services, Inc. (CBFV) to Buy” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2017/11/11/cb-financial-services-inc-cbfv-upgraded-by-zacks-investment-research-to-buy.html.

Several institutional investors have recently added to or reduced their stakes in CBFV. Kennedy Capital Management Inc. grew its stake in shares of CB Financial Services by 151.8% during the 2nd quarter. Kennedy Capital Management Inc. now owns 64,383 shares of the bank’s stock valued at $1,671,000 after purchasing an additional 38,810 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of CB Financial Services by 34.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 148,106 shares of the bank’s stock valued at $3,843,000 after acquiring an additional 38,303 shares during the period. Banc Funds Co. LLC grew its stake in shares of CB Financial Services by 66.3% during the 2nd quarter. Banc Funds Co. LLC now owns 60,536 shares of the bank’s stock valued at $1,571,000 after acquiring an additional 24,135 shares during the period. First National Trust Co. grew its stake in shares of CB Financial Services by 13.7% during the 2nd quarter. First National Trust Co. now owns 15,515 shares of the bank’s stock valued at $403,000 after acquiring an additional 1,865 shares during the period. Finally, LSV Asset Management grew its stake in shares of CB Financial Services by 36.9% during the 2nd quarter. LSV Asset Management now owns 4,200 shares of the bank’s stock valued at $109,000 after acquiring an additional 1,132 shares during the period. Institutional investors and hedge funds own 19.95% of the company’s stock.

CB Financial Services Company Profile

CB Financial Services, Inc is the bank holding company for Community Bank (the Bank). The Company operates in community banking segment. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area.

Get a free copy of the Zacks research report on CB Financial Services (CBFV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CB Financial Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CB Financial Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply