Equities researchers at DA Davidson started coverage on shares of CB Financial Services (NASDAQ:CBFV – Get Free Report) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $43.00 price target on the bank’s stock. DA Davidson’s price objective would suggest a potential upside of 20.35% from the stock’s current price.
A number of other brokerages also recently commented on CBFV. Keefe, Bruyette & Woods lowered their price objective on CB Financial Services from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Zacks Research downgraded shares of CB Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.00.
Check Out Our Latest Stock Analysis on CB Financial Services
CB Financial Services Stock Up 2.7%
CB Financial Services stock opened at $35.73 on Wednesday. CB Financial Services has a twelve month low of $26.01 and a twelve month high of $37.75. The stock’s fifty day simple moving average is $35.53 and its 200-day simple moving average is $34.12. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $179.01 million, a P/E ratio of 39.26 and a beta of 0.29.
CB Financial Services (NASDAQ:CBFV – Get Free Report) last released its earnings results on Tuesday, January 27th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.11). CB Financial Services had a net margin of 6.09% and a return on equity of 9.61%. The company had revenue of $14.79 million during the quarter, compared to analysts’ expectations of $14.90 million. As a group, equities analysts expect that CB Financial Services will post 1.82 earnings per share for the current fiscal year.
Insider Activity at CB Financial Services
In related news, Vice Chairman Charles R. Guthrie sold 1,913 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $37.35, for a total value of $71,450.55. Following the transaction, the insider directly owned 16,796 shares of the company’s stock, valued at $627,330.60. This trade represents a 10.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.70% of the stock is owned by company insiders.
Hedge Funds Weigh In On CB Financial Services
Several hedge funds have recently made changes to their positions in CBFV. Vanguard Group Inc. increased its position in shares of CB Financial Services by 158.5% during the third quarter. Vanguard Group Inc. now owns 246,068 shares of the bank’s stock worth $8,172,000 after purchasing an additional 150,873 shares in the last quarter. M3F Inc. grew its stake in CB Financial Services by 79.8% during the 2nd quarter. M3F Inc. now owns 175,358 shares of the bank’s stock worth $4,998,000 after buying an additional 77,809 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in CB Financial Services by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 166,918 shares of the bank’s stock worth $4,757,000 after buying an additional 2,044 shares during the last quarter. Geode Capital Management LLC increased its position in CB Financial Services by 112.2% during the second quarter. Geode Capital Management LLC now owns 107,608 shares of the bank’s stock worth $3,067,000 after buying an additional 56,889 shares during the period. Finally, Bridgeway Capital Management LLC lifted its stake in CB Financial Services by 3.5% in the third quarter. Bridgeway Capital Management LLC now owns 67,840 shares of the bank’s stock valued at $2,253,000 after buying an additional 2,303 shares during the last quarter. Hedge funds and other institutional investors own 33.06% of the company’s stock.
CB Financial Services Company Profile
(Get Free Report)
CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.
The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.
Read More
Receive News & Ratings for CB Financial Services Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for CB Financial Services and related companies with MarketBeat.com’s FREE daily email newsletter.
