CB Financial Services Inc (CBFV) Receives Consensus Rating of “Strong Buy” from Analysts

Shares of CB Financial Services Inc (NASDAQ:CBFV) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus target price of $36.00 for the company and are anticipating that the company will post $0.54 EPS for the current quarter, according to Zacks. Zacks has also assigned CB Financial Services an industry rank of 119 out of 265 based on the ratings given to related companies.

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A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded CB Financial Services from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Thursday, February 15th. Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 price target on shares of CB Financial Services in a research report on Tuesday, February 13th. Finally, DA Davidson increased their price target on CB Financial Services to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. They noted that the move was a valuation call.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. grew its position in CB Financial Services by 10.5% during the 4th quarter. Kennedy Capital Management Inc. now owns 100,718 shares of the bank’s stock worth $3,022,000 after acquiring an additional 9,574 shares during the last quarter. Gendell Jeffrey L lifted its holdings in CB Financial Services by 13.8% during the 4th quarter. Gendell Jeffrey L now owns 47,125 shares of the bank’s stock worth $1,414,000 after buying an additional 5,717 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in CB Financial Services by 653.4% during the 4th quarter. Wells Fargo & Company MN now owns 5,658 shares of the bank’s stock worth $169,000 after buying an additional 4,907 shares in the last quarter. Janney Capital Management LLC lifted its holdings in CB Financial Services by 33.5% during the 3rd quarter. Janney Capital Management LLC now owns 21,933 shares of the bank’s stock worth $637,000 after buying an additional 5,500 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in CB Financial Services by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 63,052 shares of the bank’s stock worth $1,645,000 after buying an additional 1,021 shares in the last quarter. Institutional investors and hedge funds own 22.58% of the company’s stock.

Shares of CB Financial Services stock opened at $30.07 on Wednesday. The company has a market capitalization of $125.15, a P/E ratio of 17.79, a P/E/G ratio of 1.49 and a beta of 0.40. CB Financial Services has a 12-month low of $25.10 and a 12-month high of $31.90. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings results on Monday, February 12th. The bank reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.17). The business had revenue of $9.52 million for the quarter, compared to the consensus estimate of $9.63 million. CB Financial Services had a return on equity of 7.46% and a net margin of 17.26%. analysts anticipate that CB Financial Services will post 2.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Friday, March 9th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.88 dividend on an annualized basis and a yield of 2.93%. CB Financial Services’s dividend payout ratio (DPR) is presently 52.07%.

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About CB Financial Services

CB Financial Services, Inc is the bank holding company for Community Bank (the Bank). The Company operates in community banking segment. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area.

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