CB Financial Services (CBFV) Receives “Hold” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their hold rating on shares of CB Financial Services (NASDAQ:CBFV) in a research report sent to investors on Tuesday morning. Keefe, Bruyette & Woods currently has a $34.00 price objective on the bank’s stock.

Several other research analysts have also recently weighed in on the company. DA Davidson raised their target price on CB Financial Services to $36.00 and gave the company a buy rating in a research note on Tuesday. They noted that the move was a valuation call. Zacks Investment Research raised CB Financial Services from a sell rating to a hold rating in a research note on Tuesday, January 23rd.

CB Financial Services (NASDAQ CBFV) opened at $29.94 on Tuesday. CB Financial Services has a 52 week low of $25.10 and a 52 week high of $31.90. The firm has a market capitalization of $127.27, a PE ratio of 16.83, a P/E/G ratio of 1.69 and a beta of 0.36. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of CB Financial Services by 1.6% in the 2nd 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 during the period. Wells Fargo & Company MN boosted its position in shares of CB Financial Services by 653.4% in the 4th quarter. Wells Fargo & Company MN now owns 5,658 shares of the bank’s stock valued at $169,000 after purchasing an additional 4,907 shares during the period. Janney Capital Management LLC boosted its position in shares of CB Financial Services by 33.5% in the 3rd 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 during the period. Gendell Jeffrey L boosted its position in shares of CB Financial Services by 13.8% in the 4th quarter. Gendell Jeffrey L now owns 47,125 shares of the bank’s stock valued at $1,414,000 after purchasing an additional 5,717 shares during the period. Finally, Kennedy Capital Management Inc. boosted its position in shares of CB Financial Services by 10.5% in the 4th quarter. Kennedy Capital Management Inc. now owns 100,718 shares of the bank’s stock valued at $3,022,000 after purchasing an additional 9,574 shares during the period. 21.29% of the stock is owned by institutional investors and hedge funds.

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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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