CB Financial Services, Inc. (CBFV) Earns Hold Rating from Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reiterated their hold rating on shares of CB Financial Services, Inc. (NASDAQ:CBFV) in a research report released on Thursday. Keefe, Bruyette & Woods currently has a $29.00 price objective on the bank’s stock.
CB Financial Services (NASDAQ:CBFV) traded up 0.93% during trading on Thursday, reaching $27.10. 4,331 shares of the company’s stock traded hands. The company has a 50-day moving average price of $26.48 and a 200 day moving average price of $26.95. The firm has a market capitalization of $110.78 million, a PE ratio of 15.28 and a beta of 0.32. CB Financial Services has a one year low of $21.70 and a one year high of $29.40.
CB Financial Services (NASDAQ:CBFV) last released its earnings results on Friday, July 28th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. CB Financial Services had a net margin of 18.04% and a return on equity of 7.89%. The business had revenue of $9.10 million during the quarter, compared to analyst estimates of $9.27 million. On average, analysts anticipate that CB Financial Services will post $1.70 earnings per share for the current fiscal year.
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An institutional investor recently raised its position in CB Financial Services stock. Janney Montgomery Scott LLC raised its position in CB Financial Services, Inc. (NASDAQ:CBFV) by 34.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,106 shares of the bank’s stock after buying an additional 38,303 shares during the period. Janney Montgomery Scott LLC owned approximately 3.62% of CB Financial Services worth $3,843,000 at the end of the most recent reporting period. Institutional investors own 19.42% of the company’s stock.
CB Financial Services Company Profile
CB Financial Services, Inc is the bank holding company for Community Bank (the Bank). The Company operates in community banking segment. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area.
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