Bank First National (NASDAQ:BFC) & CB Financial Services (NASDAQ:CBFV) Head-To-Head Contrast

Bank First National (NASDAQ:BFC) and CB Financial Services (NASDAQ:CBFV) are both small-cap finance companies, but which is the better business? We will contrast the two companies based on the strength of their profitability, institutional ownership, earnings, risk, analyst recommendations, dividends and valuation.

Dividends

Bank First National pays an annual dividend of $2.00 per share and has a dividend yield of 1.4%. CB Financial Services pays an annual dividend of $1.12 per share and has a dividend yield of 3.0%. Bank First National pays out 27.8% of its earnings in the form of a dividend. CB Financial Services pays out 86.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Bank First National has increased its dividend for 10 consecutive years.

Profitability

This table compares Bank First National and CB Financial Services’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Bank First National	27.49%	11.89%	1.66%
CB Financial Services	8.32%	10.07%	1.00%

Insider & Institutional Ownership

30.0% of Bank First National shares are held by institutional investors. Comparatively, 33.1% of CB Financial Services shares are held by institutional investors. 5.0% of Bank First National shares are held by insiders. Comparatively, 10.2% of CB Financial Services shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Analyst Ratings

This is a breakdown of recent ratings and target prices for Bank First National and CB Financial Services, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bank First National	1	1	3	0	2.40
CB Financial Services	0	2	2	0	2.50

Bank First National presently has a consensus price target of $161.00, suggesting a potential upside of 12.84%. CB Financial Services has a consensus price target of $41.00, suggesting a potential upside of 10.81%. Given Bank First National’s higher possible upside, equities research analysts clearly believe Bank First National is more favorable than CB Financial Services.

Risk and Volatility

Bank First National has a beta of 0.42, suggesting that its share price is 58% less volatile than the S&P 500. Comparatively, CB Financial Services has a beta of 0.28, suggesting that its share price is 72% less volatile than the S&P 500.

Earnings & Valuation

This table compares Bank First National and CB Financial Services”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Bank First National	$243.93 million	6.53	$71.50 million	$7.19	19.84
CB Financial Services	$80.52 million	2.33	$4.90 million	$1.29	28.68

Bank First National has higher revenue and earnings than CB Financial Services. Bank First National is trading at a lower price-to-earnings ratio than CB Financial Services, indicating that it is currently the more affordable of the two stocks.

Summary

Bank First National beats CB Financial Services on 12 of the 17 factors compared between the two stocks.

About Bank First National

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products. The company's loan products include real estate loans, including commercial real estate, residential mortgage, and home equity loans; commercial and industrial loans for working capital, accounts receivable, inventory financing, and other business purposes; construction and development loans; residential 1-4 family loans; and consumer loans for personal and household purposes, including secured and unsecured installment loans, and revolving lines of credit. It also provides credit cards; ATM processing; insurance; data processing and other information technology; investment and safekeeping; treasury management; and online, telephone, and mobile banking services. The company was formerly known as Bank First National Corporation and changed its name to Bank First Corporation in June 2019. Bank First Corporation was founded in 1894 and is headquartered in Manitowoc, Wisconsin.

About CB Financial Services

CB Financial Services, Inc. operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products. Its loan products comprise residential real estate loans, such as one- to four-family mortgage loans, home equity installment loans, and home equity lines of credit; commercial real estate loans that are secured primarily by improved properties, such as retail facilities, office buildings, and other non-residential buildings; construction loans to individuals to finance the construction of residential dwellings, as well as for the construction of commercial properties, including hotels, apartment buildings, housing developments, and owner-occupied properties used for businesses; commercial and industrial loans, and lines of credit; consumer loans consisting of indirect auto loans, secured and unsecured loans, and lines of credit; and other loans. In addition, the company conducts insurance agency activities by offering property and casualty, commercial liability, surety, and other insurance products. The company was founded in 1901 and is headquartered in Carmichaels, Pennsylvania.