CB Financial Services (NASDAQ:CBFV) is now covered by analysts at StockNews.com

StockNews.com took over stock coverage from CB Financial Services (NASDAQ:CBFV – Rating Received) in a report published on Tuesday. The company has given the bank’s stock a “hold” rating.

Separately, TheStreet downgraded shares of CB Financial Services from a “b” rating to a “c+” rating in a research report on Tuesday, May 24.

CB Financial Services stock opened at $21.12 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt to equity ratio of 0.14. The company has a 50-day moving average price of $22.67 and a 200-day moving average price of $23.90. The company has a market cap of $108.81 million, a price-to-earnings ratio of 9.51 and a beta of 0.68. CB Financial Services has a 52-week low of $21.02 and a 52-week high of $26.80.

Several hedge funds have recently added to or reduced their stakes in the company. Manufacturers Life Insurance Company increased its position in shares of CB Financial Services by 1.8% in the first quarter. Manufacturers Life Insurance Company now owns 157,095 shares of the bank, valued at $3,700,000, after purchasing an additional 2,742 shares last quarter. Vanguard Group Inc. increased its position in CB Financial Services shares 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 last quarter. American Century Companies Inc. increased its stake in CB Financial Services stock by 28.7% in the first quarter. American Century Companies Inc. now owns 15,928 shares of the bank, valued at $375,000, after purchasing an additional 3,552 shares last quarter. BlackRock Inc. increased its holding in CB Financial Services shares by 2.9% in the fourth quarter. BlackRock Inc. now owns 14,170 shares of the bank, valued at $340,000, after buying another 405 shares last quarter. Finally, in Q4, Petiole USA ltd acquired a new interest in CB Financial Services stock valued at approximately $4,310,000. Institutional investors own 30.65% of the company’s shares.

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CB Financial Services company profile (get rating)

CB Financial Services, Inc acts as the bank holding company for Community Bank, which provides a variety of banking products and services to individuals and businesses in southwestern Pennsylvania, West Virginia and Ohio. The Company’s primary deposit products include demand deposits, NOW accounts, money market and savings accounts, and time deposit products.

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