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

StockNews.com stock researchers undertook coverage of stocks from CB Financial Services (NASDAQ:CBFV – Get Valuation) in a research note issued to investors on Sunday. The brokerage firm gave the bank’s shares a “hold” rating.

A number of other research analysts have also issued reports on the stock. TheStreet downgraded shares of CB Financial Services from a “b” rating to a “c+” rating in a research note on Tuesday, May 24. DA Davidson reiterated a “neutral” rating on shares of CB Financial Services in a research note on Wednesday, July 27.

CB Financial Services Trading up 8.6%

NASDAQ CBFV opened at $23.41 on Friday. The company has a debt to equity ratio of 0.15, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $119.63 million, a P/E of 10.27 and a beta of 0.64. CB Financial Services has a yearly low of $20.49 and a yearly high of $26.80. The company’s 50-day moving average is $22.57 and its 200-day moving average is $22.84.

CB Financial Services (NASDAQ:CBFV – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The bank reported earnings per share (EPS) of $0.05 for the quarter. CB Financial Services had a net margin of 20.56% and a return on equity of 6.51%. The company had $12.27 million in revenue for the quarter. Analysts expect CB Financial Services to report earnings per share of 1.86 for the current year.

Institutional Trading by CB Financial Services

A number of institutional investors have recently added to or reduced their stakes in CBFV. State Street Corp added 10.2% to its stake in CB Financial Services in the second quarter. State Street Corp now owns 11,641 shares of the bank, valued at $266,000, after buying another 1,080 shares last quarter. American Century Companies Inc. increased its ownership of 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. Manufacturers Life Insurance Company increased its holdings of shares in 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. Finally, Vanguard Group Inc. increased its stake in CB Financial Services stock by 0.3% during 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. Hedge funds and other institutional investors own 28.86% of the company’s shares.

CB Financial Services company profile

(received 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 accounts and savings accounts, and term deposit products.

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