Shares of CB Financial Services Inc (NASDAQ:CBFV) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. CB Financial Services’ rating score has improved by 50% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1 year consensus price target of $36.00 for the company and are expecting that the company will post $0.54 EPS for the current quarter, according to Zacks. Zacks has also given CB Financial Services an industry rank of 30 out of 265 based on the ratings given to related companies.
A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 price objective on shares of CB Financial Services in a report on Tuesday, February 13th. DA Davidson increased their price objective on shares of CB Financial Services to $36.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of CB Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd.
Shares of CB Financial Services (NASDAQ:CBFV) traded up $0.39 on Tuesday, reaching $30.94. 5,900 shares of the company’s stock were exchanged, compared to its average volume of 3,652. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. CB Financial Services has a twelve month low of $25.10 and a twelve month high of $31.90. The stock has a market cap of $126.73, a price-to-earnings ratio of 18.31, a P/E/G ratio of 1.51 and a beta of 0.36.
CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Monday, February 12th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.17). CB Financial Services had a net margin of 17.26% and a return on equity of 7.46%. The company had revenue of $9.52 million for the quarter, compared to analysts’ expectations of $9.63 million. equities research analysts expect that CB Financial Services will post 2.05 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of CB Financial Services by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 63,052 shares of the bank’s stock valued at $1,645,000 after acquiring an additional 1,021 shares during the last quarter. Janney Capital Management LLC boosted its position in shares of CB Financial Services by 33.5% during the 3rd quarter. Janney Capital Management LLC now owns 21,933 shares of the bank’s stock valued at $637,000 after acquiring an additional 5,500 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of CB Financial Services by 653.4% during the 4th quarter. Wells Fargo & Company MN now owns 5,658 shares of the bank’s stock valued at $169,000 after acquiring an additional 4,907 shares during the last quarter. Gendell Jeffrey L boosted its position in shares of CB Financial Services by 13.8% during the 4th quarter. Gendell Jeffrey L now owns 47,125 shares of the bank’s stock valued at $1,414,000 after acquiring an additional 5,717 shares during the last quarter. Finally, Kennedy Capital Management Inc. boosted its position in shares of CB Financial Services by 10.5% during the 4th quarter. Kennedy Capital Management Inc. now owns 100,718 shares of the bank’s stock valued at $3,022,000 after acquiring an additional 9,574 shares during the last quarter. 21.74% 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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