Shares of CB Financial Services Inc (NASDAQ:CBFV) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a one year consensus target price of $31.00 for the company and are anticipating that the company will post $0.49 earnings per share for the current quarter, according to Zacks. Zacks has also given CB Financial Services an industry rank of 150 out of 255 based on the ratings given to its competitors.
Several equities analysts have recently commented on the stock. ValuEngine upgraded shares of CB Financial Services from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Zacks Investment Research upgraded shares of CB Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th.
CB Financial Services stock opened at $27.13 on Thursday. The company has a 50-day simple moving average of $26.72 and a 200-day simple moving average of $24.88. The firm has a market capitalization of $147.41 million, a P/E ratio of 12.17 and a beta of 0.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85. CB Financial Services has a one year low of $22.77 and a one year high of $28.00.
CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.69 EPS for the quarter, topping the consensus estimate of $0.52 by $0.17. The business had revenue of $13.30 million during the quarter. CB Financial Services had a net margin of 20.31% and a return on equity of 8.53%. As a group, sell-side analysts forecast that CB Financial Services will post 2.25 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its position in CB Financial Services by 12.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 213,740 shares of the bank’s stock valued at $5,933,000 after buying an additional 23,056 shares in the last quarter. Renaissance Technologies LLC grew its position in CB Financial Services by 142.1% in the 2nd quarter. Renaissance Technologies LLC now owns 58,600 shares of the bank’s stock valued at $1,392,000 after buying an additional 34,400 shares in the last quarter. Paloma Partners Management Co bought a new position in CB Financial Services in the 2nd quarter valued at about $514,000. HBK Sorce Advisory LLC grew its position in CB Financial Services by 2.5% in the 2nd quarter. HBK Sorce Advisory LLC now owns 20,000 shares of the bank’s stock valued at $475,000 after buying an additional 490 shares in the last quarter. Finally, Morgan Stanley grew its position in CB Financial Services by 237.7% in the 2nd quarter. Morgan Stanley now owns 17,458 shares of the bank’s stock valued at $415,000 after buying an additional 12,288 shares in the last quarter. Hedge funds and other institutional investors own 26.84% of the company’s stock.
About CB Financial Services
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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