CB Financial Services (NASDAQ:CBFV) Stock Lifted to Hold by Wall Street Zen

Wall Street Zen upgraded shares of CB Financial Services (NASDAQ:CBFV) to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on the company. DA Davidson reiterated a “buy” rating and set a $44.00 price target on shares of CB Financial Services in a research report on Tuesday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of CB Financial Services in a research report on Monday, September 21st. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CB Financial Services from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

CB Financial Services Stock Performance

NASDAQ CBFV opened at $40.70 on Friday. The firm has a market cap of $206.84 million, a P/E ratio of 11.94 and a beta of 0.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $37.96 and its 200-day moving average is $36.39. CB Financial Services has a 12-month low of $32.00 and a 12-month high of $41.31.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings data on Monday, October 26th. The bank reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. CB Financial Services had a net margin of 21.00% and a return on equity of 10.56%. The business had revenue of $16.02 million during the quarter, compared to analyst estimates of $16.25 million. Sell-side analysts predict that CB Financial Services will post 3.30 earnings per share for the current year.

CB Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.12 annualized dividend and a yield of 2.8%. CB Financial Services’s dividend payout ratio (DPR) is currently 32.84%.

Insider Buying and Selling

In other CB Financial Services news, COO Jennifer L. George sold 2,110 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $40.39, for a total value of $85,222.90. Following the transaction, the chief operating officer directly owned 13,140 shares in the company, valued at $530,724.60. This represents a 13.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Swiatek sold 1,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $37.06, for a total value of $37,060.00. Following the completion of the transaction, the director owned 12,644 shares in the company, valued at $468,586.64. This represents a 7.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,610 shares of company stock worth $177,933 over the last ninety days. 10.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CBFV. Empowered Funds LLC purchased a new position in CB Financial Services in the 2nd quarter worth approximately $1,358,000. Bank of America Corp DE purchased a new stake in shares of CB Financial Services during the second quarter valued at approximately $212,000. The Manufacturers Life Insurance Company purchased a new stake in shares of CB Financial Services during the second quarter valued at approximately $5,843,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of CB Financial Services during the second quarter valued at approximately $351,000. Finally, De Lisle Partners LLP bought a new position in shares of CB Financial Services in the second quarter worth approximately $1,268,000. 33.06% of the stock is currently owned by institutional investors.

CB Financial Services Company Profile

CB Financial Services, Inc is a bank holding company headquartered in Carmichaels, Pennsylvania. Its principal subsidiary, Community Bank, provides personal and business banking services to individuals, families, farms, and companies in the communities it serves.

Community Bank offers a range of deposit products, including checking, savings, money market, and time deposit accounts. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, business loans, agricultural loans, and consumer credit.