CB Financial Services (NASDAQ:CBFV) Stock Rating Upgraded by Zacks Research

CB Financial Services (NASDAQ:CBFV) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts also recently issued reports on the company. DA Davidson initiated coverage on CB Financial Services in a report on Wednesday, February 25th. They set a “buy” rating and a $43.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a research report on Friday, March 27th. Finally, Keefe, Bruyette & Woods reduced their price target 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. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.00.

CB Financial Services Stock Up 0.3%

NASDAQ:CBFV opened at $35.14 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $178.23 million, a PE ratio of 27.24 and a beta of 0.28. CB Financial Services has a 52-week low of $27.11 and a 52-week high of $37.75. The stock has a 50-day simple moving average of $34.90 and a 200 day simple moving average of $34.91.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $14.82 million during the quarter, compared to the consensus estimate of $15.50 million. CB Financial Services had a return on equity of 10.16% and a net margin of 8.32%. On average, sell-side analysts expect that CB Financial Services will post 3.12 EPS for the current fiscal year.

Insider Activity

In other news, insider Stephen Cobain sold 1,792 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $34.58, for a total value of $61,967.36. Following the completion of the sale, the insider directly owned 4,313 shares of the company’s stock, valued at $149,143.54. This trade represents a 29.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 10.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CB Financial Services

A number of large investors have recently made changes to their positions in CBFV. Hazlett Burt & Watson Inc. bought a new position in shares of CB Financial Services during the fourth quarter worth approximately $33,000. BNP Paribas Financial Markets increased its stake in shares of CB Financial Services by 89.7% during the third quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock worth $45,000 after purchasing an additional 635 shares during the period. JPMorgan Chase & Co. increased its stake in shares of CB Financial Services by 902.9% during the second quarter. JPMorgan Chase & Co. now owns 2,457 shares of the bank’s stock worth $70,000 after purchasing an additional 2,212 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of CB Financial Services during the second quarter worth approximately $73,000. Finally, Raymond James Financial Inc. bought a new position in shares of CB Financial Services during the second quarter worth approximately $99,000. Institutional investors own 33.06% of the company’s stock.

About CB Financial Services

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.