Shares of CB Financial Services Inc (NASDAQ:CBFV) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $29.00 for the company and are predicting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also given CB Financial Services an industry rank of 202 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of CB Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd.
NASDAQ CBFV traded down $0.30 on Thursday, hitting $24.10. 30,823 shares of the stock were exchanged, compared to its average volume of 12,002. CB Financial Services has a 52-week low of $22.77 and a 52-week high of $33.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $133.33 million, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 1.17 and a beta of 0.36. The business’s 50-day moving average price is $24.32.
CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings data on Monday, July 29th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.07. CB Financial Services had a net margin of 18.31% and a return on equity of 7.72%. The business had revenue of $13.10 million during the quarter, compared to analyst estimates of $13.15 million. Equities analysts forecast that CB Financial Services will post 2.1 EPS for the current fiscal year.
In other CB Financial Services news, Director John J. Lacarte acquired 1,900 shares of CB Financial Services stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average price of $25.00 per share, with a total value of $47,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph N. Headlee bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average price of $23.60 per share, for a total transaction of $47,200.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 5,325 shares of company stock valued at $128,819. 7.90% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in CBFV. First Trust Advisors LP boosted its stake in shares of CB Financial Services by 18.7% during the 4th quarter. First Trust Advisors LP now owns 8,979 shares of the bank’s stock valued at $222,000 after buying an additional 1,414 shares during the period. BlackRock Inc. boosted its stake in shares of CB Financial Services by 3.5% during 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 during the period. Geode Capital Management LLC boosted its stake in shares of CB Financial Services by 4.0% during 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 during the period. Bank of America Corp DE boosted its stake in shares of CB Financial Services by 158.5% during the 4th quarter. Bank of America Corp DE now owns 6,270 shares of the bank’s stock valued at $155,000 after buying an additional 3,844 shares during the period. Finally, Context BH Capital Management LP acquired a new stake in shares of CB Financial Services during the 4th quarter valued at $960,000. Hedge funds and other institutional investors 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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