Wall Street brokerages predict that CB Financial Services Inc (NASDAQ:CBFV) will report earnings per share (EPS) of $0.49 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for CB Financial Services’ earnings. CB Financial Services reported earnings per share of $0.45 during the same quarter last year, which indicates a positive year over year growth rate of 8.9%. The business is expected to issue its next earnings results on Thursday, January 30th.
According to Zacks, analysts expect that CB Financial Services will report full year earnings of $2.25 per share for the current financial year. For the next financial year, analysts expect that the company will report earnings of $2.15 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for CB Financial Services.
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 Zacks’ consensus estimate of $0.52 by $0.17. CB Financial Services had a net margin of 20.31% and a return on equity of 8.43%. The business had revenue of $13.30 million during the quarter.
CBFV has been the subject of several research reports. Zacks Investment Research upgraded shares of CB Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. ValuEngine upgraded shares of CB Financial Services from a “sell” rating to a “hold” rating in a report on Friday, August 2nd.
CBFV stock traded up $0.32 during midday trading on Thursday, reaching $27.94. The company had a trading volume of 8,800 shares, compared to its average volume of 5,111. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.87 and a quick ratio of 0.87. CB Financial Services has a 1 year low of $22.77 and a 1 year high of $28.40. The company has a market capitalization of $150.25 million, a P/E ratio of 16.53 and a beta of 0.36. The firm has a 50-day moving average price of $26.86 and a 200-day moving average price of $25.01.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. HBK Sorce Advisory LLC raised its holdings 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 worth $475,000 after purchasing an additional 490 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new position in shares of CB Financial Services in the 2nd quarter worth about $28,000. First Trust Advisors LP increased its stake in shares of CB Financial Services by 25.3% in the 3rd quarter. First Trust Advisors LP now owns 11,339 shares of the bank’s stock worth $315,000 after acquiring an additional 2,288 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of CB Financial Services by 1,262.0% in the 2nd quarter. Acadian Asset Management LLC now owns 6,783 shares of the bank’s stock worth $161,000 after acquiring an additional 6,285 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of CB Financial Services in the 3rd quarter worth about $200,000. Institutional investors and hedge funds own 27.01% 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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