Equities researchers at StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV – Get Rating) in a research note issued to investors on Sunday. The brokerage set a "hold" rating on the bank's stock.
A number of other research analysts have also issued reports on the stock. TheStreet lowered shares of CB Financial Services from a "b" rating to a "c+" rating in a research note on Tuesday, May 24th. DA Davidson reiterated a "neutral" rating on shares of CB Financial Services in a research note on Wednesday, July 27th.
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CB Financial Services Trading Up 8.6 %
NASDAQ CBFV opened at $23.41 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $119.63 million, a PE ratio of 10.27 and a beta of 0.64. CB Financial Services has a one year low of $20.49 and a one year high of $26.80. The firm's fifty day moving average is $22.57 and its two-hundred day moving average is $22.84.
CB Financial Services (NASDAQ:CBFV – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The bank reported $0.05 earnings per share (EPS) for the quarter. CB Financial Services had a net
margin of 20.56% and a return on equity of 6.51%. The business had revenue of $12.27 million for the quarter. Analysts expect that CB Financial Services will post 1.86 earnings per share for the current year.
Institutional Trading of CB Financial Services
A number of institutional investors have recently added to or reduced their stakes in CBFV. State Street Corp boosted its holdings in CB Financial Services by 10.2% during the second quarter. State Street Corp now owns 11,641 shares of the bank's stock worth $266,000 after buying an additional 1,080 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of CB Financial Services by 28.7% in the first quarter. American Century Companies Inc. now owns 15,928 shares of the bank's stock valued at $375,000 after purchasing an additional 3,552 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of CB Financial Services by 1.8% in the first quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank's stock valued at $3,700,000 after purchasing an additional 2,742 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of CB Financial Services by 0.3% in the first quarter. Vanguard Group Inc. now owns 185,433 shares of the bank's stock valued at $4,451,000 after purchasing an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 28.86% of the company's stock.
CB Financial Services Company Profile
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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.
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