CB Financial Services Inc (CBFV) Receives Average 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 stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus target price of $33.00 for the company and are expecting that the company will post $0.46 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CB Financial Services an industry rank of 96 out of 257 based on the ratings given to its competitors.

CBFV has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of CB Financial Services from a “hold” rating to a “sell” rating in a research report on Monday, November 5th. TheStreet lowered shares of CB Financial Services from a “b” rating to a “c+” rating in a report on Wednesday, October 24th. Finally, ValuEngine lowered shares of CB Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd.

CBFV opened at $26.15 on Monday. CB Financial Services has a 52 week low of $25.50 and a 52 week high of $36.95. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The firm has a market cap of $141.58 million, a price-to-earnings ratio of 15.66, a PEG ratio of 1.71 and a beta of 0.48.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Monday, December 10th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.52%. This is a positive change from CB Financial Services’s previous quarterly dividend of $0.22. CB Financial Services’s payout ratio is currently 52.69%.

In other CB Financial Services news, Director David F. Pollock bought 1,100 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was bought at an average cost of $27.85 per share, with a total value of $30,635.00. Following the completion of the transaction, the director now directly owns 6,691 shares of the company’s stock, valued at approximately $186,344.35. The purchase was disclosed in a document filed with the SEC, which is available through this link. In the last quarter, insiders acquired 2,600 shares of company stock worth $71,023. Company insiders own 10.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CBFV. HBK Sorce Advisory LLC bought a new stake in CB Financial Services in the 3rd quarter valued at $602,000. Renaissance Technologies LLC increased its position in shares of CB Financial Services by 98.0% during the 3rd quarter. Renaissance Technologies LLC now owns 15,309 shares of the bank’s stock worth $472,000 after purchasing an additional 7,576 shares in the last quarter. BlackRock Inc. grew its holdings in CB Financial Services by 2.1% during the 3rd quarter. BlackRock Inc. now owns 214,500 shares of the bank’s stock worth $6,617,000 after acquiring an additional 4,335 shares during the last quarter. First Trust Advisors LP bought a new stake in CB Financial Services during the 3rd quarter worth about $233,000. Finally, Northern Trust Corp bought a new stake in CB Financial Services during the 2nd quarter worth about $1,443,000. 26.72% of the stock is owned by institutional investors and hedge funds.

CB Financial Services Company Profile

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. The company's deposit products include demand deposits, NOW accounts, money market accounts, savings accounts, and time deposits.

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