Shares of CB Financial Services Inc (NASDAQ:CBFV) have 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 research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price objective of $29.00 for the company and are anticipating 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 171 out of 256 based on the ratings given to its competitors.
A number of equities research analysts recently commented on the company. TheStreet upgraded CB Financial Services from a “c+” rating to a “b-” rating in a report on Wednesday, February 27th. Zacks Investment Research upgraded CB Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, ValuEngine downgraded CB Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th.
Shares of CBFV stock traded up $0.16 on Monday, reaching $23.45. 202 shares of the stock were exchanged, compared to its average volume of 10,005. The company has a market cap of $126.54 million, a P/E ratio of 13.84, a PEG ratio of 1.11 and a beta of 0.37. CB Financial Services has a one year low of $22.77 and a one year high of $36.00. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.12.
CB Financial Services (NASDAQ:CBFV) last released its earnings results on Tuesday, April 30th. The bank reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $12.75 million during the quarter, compared to the consensus estimate of $13.14 million. CB Financial Services had a return on equity of 6.84% and a net margin of 15.67%. As a group, equities research analysts anticipate that CB Financial Services will post 2.1 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, June 10th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.96 dividend on an annualized basis and a yield of 4.09%. CB Financial Services’s dividend payout ratio is presently 56.80%.
In related news, Director Joseph N. Headlee acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average price of $23.60 per share, for a total transaction of $47,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased 2,575 shares of company stock valued at $61,259 in the last quarter. 7.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in CB Financial Services in the first quarter valued at about $102,000. Bank of America Corp DE increased its holdings in CB Financial Services by 158.5% in the fourth quarter. Bank of America Corp DE now owns 6,270 shares of the bank’s stock valued at $155,000 after purchasing an additional 3,844 shares during the last quarter. First Trust Advisors LP increased its holdings in CB Financial Services by 18.7% in the fourth quarter. First Trust Advisors LP now owns 8,979 shares of the bank’s stock valued at $222,000 after purchasing an additional 1,414 shares during the last quarter. Context BH Capital Management LP bought a new stake in CB Financial Services in the fourth quarter valued at about $960,000. Finally, Geode Capital Management LLC increased its holdings in CB Financial Services by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 51,018 shares of the bank’s stock valued at $1,264,000 after purchasing an additional 1,955 shares during the last quarter. Institutional investors and hedge funds own 27.30% of the company’s stock.
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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