Zacks Investment Research upgraded shares of CB Financial Services, Inc. (NASDAQ:CBFV) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. Zacks Investment Research currently has $33.00 price objective on the bank’s stock.

According to Zacks, “CB Financial Services, Inc. is the bank holding company for Community Bank, a chartered commercial bank. The Bank’s services include personal banking and business banking. It offers checking, loan accounts, individual retirement accounts, wealth management, certificates of deposit, recorder check, business checking accounts, business loans, cash management and re-order check. The Bank offers other services, including merchant services, financial and wealth management, wire transfers, credit card, ATM, and online banking services. It serves business owners, non-profit groups, government agencies, school administrators, and individual personal account holders in Pennsylvania. CB Financial Services, Inc. is based in Carmichaels, Pennsylvania. “

Separately, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $29.00 price target on shares of CB Financial Services in a research report on Thursday, July 27th.

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Several large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its position in shares of CB Financial Services by 34.9% in the second quarter. Janney Montgomery Scott LLC now owns 148,106 shares of the bank’s stock worth $3,843,000 after buying an additional 38,303 shares during the last quarter. Kennedy Capital Management Inc. increased its stake in shares of CB Financial Services by 151.8% in the second quarter. Kennedy Capital Management Inc. now owns 64,383 shares of the bank’s stock worth $1,671,000 after purchasing an additional 38,810 shares during the period. Vanguard Group Inc. increased its stake in shares of CB Financial Services by 1.6% in the second quarter. Vanguard Group Inc. now owns 63,052 shares of the bank’s stock worth $1,645,000 after purchasing an additional 1,021 shares during the period. Banc Funds Co. LLC increased its stake in shares of CB Financial Services by 66.3% in the second quarter. Banc Funds Co. LLC now owns 60,536 shares of the bank’s stock worth $1,571,000 after purchasing an additional 24,135 shares during the period. Finally, First National Trust Co. increased its stake in shares of CB Financial Services by 13.7% in the second quarter. First National Trust Co. now owns 15,515 shares of the bank’s stock worth $403,000 after purchasing an additional 1,865 shares during the period. 19.95% of the stock is owned by institutional investors.

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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