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Research analysts at StockNews.com CB Financial Services (NASDAQ:CBFV – Get Valuation) in a report released on Sunday. Brokers have rated the bank’s shares at ‘hold’.
Separately, TheStreet upgraded CB Financial Services’ rating from ‘c+’ to ‘b’ in a research note on Friday, October 28.
CB Financial Services Trading +2.3%
CBFV shares opened at $22.04 on Friday. The stock has a 50-day moving average of $21.82 and a 200-day moving average of $22.12. The stock has a market cap of $112.18 million, a PE ratio of 8.22 and a beta of 0.58. CB Financial Services has a 12-month low of $20.49 and a 12-month high of $26.80. The company has a debt to equity ratio of 0.17, a current ratio of 0.89 and a quick ratio of 0.89.
CB Financial Services (NASDAQ:CBFV – Get Rating) last announced quarterly earnings data on Thursday, October 27. The bank reported EPS of $0.71 for the quarter, $0.16 above analyst consensus expectations of $0.55. The company’s quarterly revenue was $13.75 million. CB Financial Services’ return on equity was 8.24% and net profit margin was 23.06%. Equity analysts expect CB Financial Services to post his 2.18 earnings per share for the current financial year.
institution inflow and outflow
Several institutional investors have recently changed their stake in the business. Vanguard Group Inc. raised its stake in CB Financial Services by 0.3% in the first quarter. Vanguard Group Inc. now owns 185,433 bank shares worth $4,451,000 after acquiring an additional 495 shares last quarter. State Street Corp held a 10.2% stake in CB Financial Services in the second quarter. State Street Corp now owns 11,641 shares of bank stock worth $266,000 after acquiring an additional 1,080 shares last quarter. Manufacturers’ Life Insurance Company increased its CB Financial Services holdings by 1.8% in the first quarter. Manufacturers’ Life Insurance Company now owns 157,095 bank shares worth $3,700,000 after purchasing an additional 2,742 shares during the previous quarter. American Century Companies Inc. increased its holding in CB Financial Services by 28.7% in the first quarter. American Century Companies Inc. now owns 15,928 shares of bank stock worth $375,000 after purchasing an additional 3,552 shares during the previous quarter. Finally, Dimensional Fund Advisors LP purchased new shares of CB Financial Services in the third quarter for approximately $233,000. Institutional investors and hedge funds own 29.39% of the company’s shares.
CB Financial Services Company Profile
(get rating)
CB Financial Services, Inc. operates as a bank holding company for Community Bank, which provides a variety of banking products and services to individuals and businesses in Southwest Pennsylvania, West Virginia and Ohio. The Company’s primary deposit products include demand deposits, NOW accounts, money market accounts, savings accounts and term deposit products.
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