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CB Financial Services (NASDAQ:CBFV) Receives New Coverage From Analysts at StockNews.com

Defense World ·  Aug 17, 2022 02:31

StockNews.com assumed coverage on shares of CB Financial Services (NASDAQ:CBFV – Get Rating) in a research note issued on Wednesday. The firm set a "hold" rating on the bank's stock.

A number of other research analysts have also recently commented on the stock. DA Davidson restated a "neutral" rating on shares of CB Financial Services in a research note on Wednesday, July 27th. TheStreet cut 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 Stock Down 0.5 %

Shares of CBFV opened at $22.29 on Wednesday. The stock has a market cap of $113.88 million, a price-to-earnings ratio of 9.78 and a beta of 0.62. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.15. CB Financial Services has a 12 month low of $20.49 and a 12 month high of $26.80. The company has a 50-day moving average price of $22.46 and a two-hundred day moving average price of $23.41.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CBFV. Vanguard Group Inc. increased 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. The Manufacturers Life Insurance Company increased 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. American Century Companies Inc. increased 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. State Street Corp increased its holdings in shares of CB Financial Services by 10.2% in the second quarter. State Street Corp now owns 11,641 shares of the bank's stock valued at $266,000 after purchasing an additional 1,080 shares in the last quarter. Finally, Petiole USA ltd acquired a new stake in shares of CB Financial Services in the fourth quarter valued at approximately $4,310,000. Institutional investors own 30.65% 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.

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