CB Financial Services Inc (NASDAQ:CBFV) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus target price of $29.00 for the company and are predicting that the company will post $0.49 EPS for the current quarter, according to Zacks. Zacks has also assigned CB Financial Services an industry rank of 183 out of 256 based on the ratings given to related companies.
Several equities analysts have issued reports on CBFV shares. Zacks Investment Research lowered CB Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. TheStreet upgraded CB Financial Services from a “c+” rating to a “b-” rating in a research note on Wednesday, February 27th. Finally, ValuEngine lowered CB Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th.
CBFV opened at $23.61 on Friday. CB Financial Services has a 1 year low of $22.77 and a 1 year high of $36.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $128.27 million, a price-to-earnings ratio of 13.97, a P/E/G ratio of 1.13 and a beta of 0.38.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, June 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.07%. CB Financial Services’s payout ratio is 56.80%.
In other CB Financial Services news, Director John J. Lacarte purchased 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $24.99 per share, for a total transaction of $74,970.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Bedway purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were acquired at an average price of $26.13 per share, for a total transaction of $104,520.00. The disclosure for this purchase can be found here. Insiders have bought 7,575 shares of company stock worth $193,549 in the last 90 days. Insiders own 7.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in CB Financial Services by 3.5% in the 4th quarter. BlackRock Inc. now owns 222,109 shares of the bank’s stock valued at $5,505,000 after buying an additional 7,609 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in CB Financial Services by 0.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 170,179 shares of the bank’s stock valued at $4,038,000 after buying an additional 932 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in CB Financial Services by 3.3% in the 4th quarter. Wesbanco Bank Inc. now owns 57,705 shares of the bank’s stock valued at $1,430,000 after buying an additional 1,825 shares in the last quarter. Geode Capital Management LLC grew its holdings in CB Financial Services by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 51,018 shares of the bank’s stock valued at $1,264,000 after buying an additional 1,955 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in CB Financial Services by 2.2% in the 1st quarter. Northern Trust Corp now owns 43,908 shares of the bank’s stock valued at $1,042,000 after buying an additional 925 shares in the last quarter. 30.49% of the stock is owned by hedge funds and other institutional investors.
CB Financial Services Company Profile
CB Financial Services, Inc operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts.
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