Analysts at StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV – Get Rating) in a research report issued to clients and investors on Saturday. The firm set a "hold" rating on the bank's stock.
Several other research firms have also commented on CBFV. DA Davidson reissued a "neutral" rating on shares of CB Financial Services in a research note on Wednesday, July 27th. TheStreet lowered shares of CB Financial Services from a "b" rating to a "c+" rating in a research note on Tuesday, May 24th.
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CB Financial Services Price Performance
NASDAQ:CBFV opened at $22.00 on Friday. CB Financial Services has a 52 week low of $20.49 and a 52 week high of $26.80. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $112.40 million, a P/E ratio of 9.65 and a beta of 0.64. The stock's fifty day moving average is $22.64 and its two-hundred day moving average is $22.92.
CB Financial Services (NASDAQ:CBFV – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The bank reported $0.05 earnings per share (EPS) for the quarter. CB Financial Services had a return on equity of 6.51% and a net
margin of 20.56%. The firm had revenue of $12.27 million for the quarter. Equities analysts expect that CB Financial Services will post 1.86 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its stake in CB Financial Services by 10.2% in the second quarter. State Street Corp now owns 11,641 shares of the bank's stock worth $266,000 after acquiring an additional 1,080 shares during the last quarter. American Century Companies Inc. lifted its position in shares of CB Financial Services by 36.4% during the 4th quarter. American Century Companies Inc. now owns 12,376 shares of the bank's stock worth $298,000 after buying an additional 3,304 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of CB Financial Services by 1.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank's stock worth $3,700,000 after buying an additional 2,742 shares during the last quarter. Petiole USA ltd purchased a new stake in shares of CB Financial Services during the 4th quarter worth approximately $4,310,000. Finally, Vanguard Group Inc. lifted its position in shares of CB Financial Services by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 185,433 shares of the bank's stock worth $4,451,000 after buying an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 28.86% of the company's stock.
About CB Financial Services
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CB Financial Services, Inc operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products.
Further Reading
- Get a free copy of the StockNews.com research report on CB Financial Services (CBFV)
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