CB Financial Services (CBFV) Rating Reiterated by Keefe, Bruyette & Woods

CB Financial Services (NASDAQ:CBFV)‘s stock had its “hold” rating restated by investment analysts at Keefe, Bruyette & Woods in a research report issued on Tuesday. They presently have a $34.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 11.29% from the company’s previous close.

CBFV has been the subject of a number of other research reports. Zacks Investment Research raised shares of CB Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. DA Davidson boosted their price objective on shares of CB Financial Services to $36.00 and gave the company a “buy” rating in a report on Tuesday. They noted that the move was a valuation call.

Shares of CB Financial Services (NASDAQ:CBFV) opened at $30.55 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The stock has a market cap of $127.27, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.69 and a beta of 0.36. CB Financial Services has a twelve month low of $25.10 and a twelve month high of $31.90.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings data on Monday, February 12th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.17). The business had revenue of $9.52 million during the quarter, compared to the consensus estimate of $9.63 million. CB Financial Services had a net margin of 19.02% and a return on equity of 8.32%. equities research analysts expect that CB Financial Services will post 1.83 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of CBFV. Wells Fargo & Company MN lifted its holdings in shares of 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 acquiring an additional 4,907 shares during the period. Janney Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 5,500 shares during the period. Gendell Jeffrey L lifted its holdings in shares of 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 acquiring an additional 5,717 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 1,021 shares during the period. Finally, Kennedy Capital Management Inc. lifted its holdings in shares of 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 period. 21.29% of the stock is owned by institutional investors.

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CB Financial Services Company Profile

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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