Shares of CB Financial Services Inc (NASDAQ:CBFV) have been given 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.
Brokerages have set a 1-year consensus price objective of $36.00 for the company and are expecting that the company will post $0.54 earnings per share for the current quarter, according to Zacks. Zacks has also given CB Financial Services an industry rank of 183 out of 265 based on the ratings given to related companies.
CBFV has been the subject of several recent analyst reports. DA Davidson raised their price objective on shares of CB Financial Services to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of CB Financial Services from a “hold” rating to a “sell” rating in a research report on Monday, January 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $33.00 price objective on shares of CB Financial Services in a research report on Friday, December 22nd.
Several institutional investors and hedge funds have recently modified their holdings of CBFV. Wells Fargo & Company MN lifted its holdings 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 worth $169,000 after purchasing an additional 4,907 shares in the last quarter. Janney Capital Management LLC lifted its holdings 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 worth $637,000 after purchasing an additional 5,500 shares in the last quarter. Gendell Jeffrey L lifted its holdings 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 worth $1,414,000 after purchasing an additional 5,717 shares in the last quarter. Vanguard Group Inc. lifted its holdings 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 worth $1,645,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Kennedy Capital Management Inc. lifted its holdings 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 worth $3,022,000 after purchasing an additional 9,574 shares in the last quarter. Institutional investors own 22.58% of the company’s stock.
Shares of CB Financial Services (NASDAQ:CBFV) opened at $30.55 on Wednesday. The company has a market cap of $125.15, a P/E ratio of 18.29, a PEG ratio of 1.49 and a beta of 0.40. CB Financial Services has a 52-week low of $25.10 and a 52-week high of $31.90. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.
CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Monday, February 12th. The bank reported $0.31 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.17). The company had revenue of $9.52 million for the quarter, compared to analyst estimates of $9.63 million. CB Financial Services had a return on equity of 7.46% and a net margin of 17.26%. research analysts expect that CB Financial Services will post 2.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Thursday, March 8th. CB Financial Services’s dividend payout ratio is currently 52.07%.
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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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