CB Financial Services (NASDAQ:CBFV) Posts Earnings Results, Beats Expectations By $0.09 EPS

CB Financial Services (NASDAQ:CBFV) announced its quarterly earnings data on Monday. The bank reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09, FiscalAI reports. The business had revenue of $15.52 million for the quarter, compared to analyst estimates of $15.40 million. CB Financial Services had a net margin of 8.32% and a return on equity of 10.07%.

CB Financial Services Stock Up 1.2%

Shares of NASDAQ:CBFV traded up $0.43 during trading on Monday, hitting $36.33. 4,021 shares of the company were exchanged, compared to its average volume of 5,356. The stock has a market cap of $184.30 million, a price-to-earnings ratio of 28.16 and a beta of 0.28. CB Financial Services has a fifty-two week low of $30.00 and a fifty-two week high of $38.86. The firm has a fifty day moving average price of $36.23 and a two-hundred day moving average price of $35.54. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CBFV. Zacks Research raised shares of CB Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.00.

Institutional Investors Weigh In On CB Financial Services

Several large investors have recently made changes to their positions in CBFV. BNP Paribas Financial Markets grew its stake in shares of CB Financial Services by 89.7% in the third quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock valued at $45,000 after buying an additional 635 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of CB Financial Services by 902.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,457 shares of the bank’s stock valued at $70,000 after acquiring an additional 2,212 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of CB Financial Services during the 2nd quarter worth about $73,000. Raymond James Financial Inc. acquired a new position in shares of CB Financial Services during the 2nd quarter worth about $99,000. Finally, New York State Common Retirement Fund bought a new stake in shares of CB Financial Services in the 2nd quarter valued at about $105,000. Institutional investors and hedge funds own 33.06% of the company’s stock.

CB Financial Services Company Profile

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.