CB Financial Services Inc (NASDAQ:CBFV) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation. CB Financial Services’ rating score has improved by 50% from three months ago as a result of various analysts’ ratings changes.
Brokers have set a 1 year consensus target price of $33.00 for the company and are expecting that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CB Financial Services an industry rank of 17 out of 265 based on the ratings given to related companies.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of CB Financial Services from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price objective on shares of CB Financial Services in a report on Wednesday, November 1st.
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in CB Financial Services by 1.6% in the second quarter. Vanguard Group Inc. now owns 63,052 shares of the bank’s stock valued at $1,645,000 after purchasing an additional 1,021 shares in the last quarter. LSV Asset Management increased its stake in CB Financial Services by 36.9% in the second quarter. LSV Asset Management now owns 4,200 shares of the bank’s stock valued at $109,000 after purchasing an additional 1,132 shares in the last quarter. Janney Capital Management LLC increased its stake in CB Financial Services by 33.5% in the third quarter. Janney Capital Management LLC now owns 21,933 shares of the bank’s stock valued at $637,000 after purchasing an additional 5,500 shares in the last quarter. Banc Funds Co. LLC increased its stake in CB Financial Services by 66.3% in the second quarter. Banc Funds Co. LLC now owns 60,536 shares of the bank’s stock valued at $1,571,000 after purchasing an additional 24,135 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in CB Financial Services by 151.8% in the second 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 in the last quarter. 21.30% of the stock is owned by hedge funds and other institutional investors.
Shares of CB Financial Services (CBFV) traded down $0.30 during midday trading on Wednesday, reaching $30.70. 2,434 shares of the company traded hands, compared to its average volume of 4,594. CB Financial Services has a fifty-two week low of $25.10 and a fifty-two week high of $31.50. The firm has a market capitalization of $125.50, a price-to-earnings ratio of 16.59, a P/E/G ratio of 1.68 and a beta of 0.13. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94.
The company also recently announced a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Friday, December 8th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.87%. The ex-dividend date was Thursday, December 7th. CB Financial Services’s payout ratio is presently 47.57%.
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About CB Financial Services
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.
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