Shares of CB Financial Services Inc (NASDAQ:CBFV) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price target of $31.00 for the company and are forecasting that the company will post $0.49 EPS for the current quarter, according to Zacks. Zacks has also given CB Financial Services an industry rank of 169 out of 255 based on the ratings given to its competitors.
A number of brokerages have commented on CBFV. Zacks Investment Research raised shares of CB Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. ValuEngine downgraded shares of CB Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th.
In other news, Director John J. Lacarte acquired 1,118 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of $28.76 per share, with a total value of $32,153.68. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.90% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of 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 boosted its holdings in shares of 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 acquired a new position in shares of CB Financial Services in the 2nd quarter valued at $514,000. HBK Sorce Advisory LLC boosted its holdings in shares of 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 boosted its holdings in shares of 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. Institutional investors and hedge funds own 26.02% of the company’s stock.
Shares of NASDAQ:CBFV traded up $0.66 during trading hours on Tuesday, reaching $30.86. The stock had a trading volume of 3,324 shares, compared to its average volume of 6,854. CB Financial Services has a 1 year low of $22.77 and a 1 year high of $30.90. The firm’s 50 day moving average is $30.12 and its 200-day moving average is $27.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $164.06 million, a price-to-earnings ratio of 13.84 and a beta of 0.39.
CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Monday, October 28th. The bank reported $0.69 EPS for the quarter, beating 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 company had revenue of $13.30 million for the quarter. Analysts forecast that CB Financial Services will post 2.25 EPS for the current year.
CB Financial Services Company Profile
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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