StockNews.com Initiates Coverage on CB Financial Services (NASDAQ:CBFV)

On December 3, 2024, StockNews.com began coverage of CB Financial Services (NASDAQ:CBFV – Free Report) through a report released on that Monday. The brokerage firm rated the bank's stock as a "hold." This rating suggests a cautious approach to investing in CB Financial Services, indicating that investors should maintain their current positions instead of buying or selling aggressively.

In a related update, DA Davidson has adjusted its target price for CB Financial Services, increasing it from $25.00 to $27.00. Along with the revised price target, they assigned a "neutral" rating to the stock in their research note that was published on Tuesday, October 29th.

CB Financial Services Stock Performance

As of Monday, CB Financial Services shares opened at $32.63. The stock has shown significant fluctuations over the past year, recording a low of $20.75 and a high of $32.99. Presently, the stock has a 50-day moving average of $28.90 and a 200-day moving average price of $25.83. The company maintains a current ratio of 0.87, a quick ratio of 0.87, and a debt-to-equity ratio of 0.23. Currently, CB Financial Services has a market capitalization of $167.07 million and a price-to-earnings (PE) ratio of 7.33. Additionally, it has a beta of 0.56, indicating lower volatility compared to the broader market.

Recently, CB Financial Services announced its quarterly earnings results on October 25th. The bank reported earnings of $0.55 per share, surpassing analysts' expectations of $0.51 by $0.04. The revenue for the quarter was reported at $21.01 million, significantly higher than the anticipated $12.60 million. The bank demonstrated a return on equity of 8.27% and a net margin of 24.51%. Analysts expect that CB Financial Services will achieve earnings per share of 2.18 for the current fiscal year.

Dividend Information from CB Financial Services

Furthermore, the company recently declared a quarterly dividend, which was disbursed on November 29th. Shareholders who were on record as of November 15th received a dividend payment of $0.25 per share. This translates into an annual dividend of $1.00 and a dividend yield of 3.06%. The ex-dividend date was November 15th. Currently, CB Financial Services has a dividend payout ratio of 22.47%, showing a commitment to returning value to its investors.

Institutional Investor Activity in CB Financial Services

In recent months, several institutional investors and hedge funds have adjusted their holdings in CB Financial Services. For instance, Wilmington Savings Fund Society FSB made a significant move by acquiring a new stake valued at roughly $941,000 in the third quarter. Similarly, Barclays PLC increased its stake in the bank by 12.7%, now owning 8,373 shares valued at about $234,000 after purchasing an additional 943 shares. Geode Capital Management LLC also raised its position by 9.7%, holding 48,357 shares worth $1,352,000 after acquiring additional shares. Fourthstone LLC added a new investment valued at approximately $373,000, while De Lisle Partners LLP increased its stake by 9.1%, now owning 29,255 shares valued at $823,000. Overall, 33.06% of CBFV stock is held by institutional investors and hedge funds.

About CB Financial Services

CB Financial Services, Inc operates as the bank holding company for Community Bank. It offers a range of banking products and services tailored for individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio. Their primary deposit offerings include demand deposits, NOW accounts, money market accounts, savings accounts, and time deposit products.

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