CB Financial Services, Inc. (CBFV) to Release Earnings on Thursday
CB Financial Services, Inc. (NASDAQ:CBFV) is scheduled to release its earnings data on Thursday, October 26th. Analysts expect CB Financial Services to post earnings of $0.42 per share for the quarter.
CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Friday, July 28th. The bank reported $0.44 EPS for the quarter, beating 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 7.85%. The business had revenue of $9.10 million for the quarter, compared to analyst estimates of $9.27 million. On average, analysts expect CB Financial Services to post $1.71 EPS for the current fiscal year and $1.84 EPS for the next fiscal year.
CB Financial Services, Inc. (CBFV) opened at 29.05 on Thursday. CB Financial Services, Inc. has a 52 week low of $22.20 and a 52 week high of $30.40. The firm has a market cap of $118.76 million, a price-to-earnings ratio of 16.79 and a beta of 0.36. The company has a 50-day moving average of $28.41 and a 200-day moving average of $27.52.
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A hedge fund recently raised its stake in CB Financial Services stock. Vanguard Group Inc. raised its holdings in CB Financial Services, Inc. (NASDAQ:CBFV) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,052 shares of the bank’s stock after purchasing an additional 1,021 shares during the period. Vanguard Group Inc. owned 1.54% of CB Financial Services worth $1,645,000 at the end of the most recent reporting period. 19.95% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on CBFV. Zacks Investment Research upgraded shares of CB Financial Services from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Thursday, August 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $29.00 price objective on shares of CB Financial Services in a report on Thursday, July 27th.
About CB Financial Services
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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