CB Financial Services, Inc. (NASDAQ:CBFV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm presently has a $31.00 target price on the bank’s stock. Zacks Investment Research‘s price target indicates a potential upside of 13.14% from the stock’s previous close.

According to Zacks, “CB Financial Services, Inc. is the bank holding company for Community Bank, a chartered commercial bank. The Bank’s services include personal banking and business banking. It offers checking, loan accounts, individual retirement accounts, wealth management, certificates of deposit, recorder check, business checking accounts, business loans, cash management and re-order check. The Bank offers other services, including merchant services, financial and wealth management, wire transfers, credit card, ATM, and online banking services. It serves business owners, non-profit groups, government agencies, school administrators, and individual personal account holders in Pennsylvania. CB Financial Services, Inc. is based in Carmichaels, Pennsylvania. “

Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $29.00 target price on shares of CB Financial Services in a research note on Thursday, July 27th.

Shares of CB Financial Services (CBFV) traded up 0.36% on Friday, hitting $27.50. 7,868 shares of the stock traded hands. CB Financial Services has a 52-week low of $22.20 and a 52-week high of $29.40. The stock has a market cap of $112.42 million, a P/E ratio of 15.90 and a beta of 0.34. The stock’s 50 day moving average price is $27.60 and its 200 day moving average price is $27.28.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data on Friday, July 28th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. CB Financial Services had a net margin of 18.04% and a return on equity of 7.85%. The firm had revenue of $9.10 million for the quarter, compared to the consensus estimate of $9.27 million. On average, equities analysts expect that CB Financial Services will post $1.71 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/15/cb-financial-services-inc-cbfv-upgraded-at-zacks-investment-research.html.

Hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in CB Financial Services by 34.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 148,106 shares of the bank’s stock worth $3,843,000 after purchasing an additional 38,303 shares in the last quarter. Banc Funds Co. LLC boosted its stake in CB Financial Services by 66.3% in the 2nd quarter. Banc Funds Co. LLC now owns 60,536 shares of the bank’s stock worth $1,571,000 after purchasing an additional 24,135 shares in the last quarter. Vanguard Group Inc. boosted its stake in CB Financial Services by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 63,052 shares of the bank’s stock worth $1,645,000 after purchasing an additional 1,021 shares in the last quarter. Kennedy Capital Management Inc. boosted its stake in CB Financial Services by 151.8% in the 2nd quarter. Kennedy Capital Management Inc. now owns 64,383 shares of the bank’s stock worth $1,671,000 after purchasing an additional 38,810 shares in the last quarter. Finally, LSV Asset Management boosted its stake in CB Financial Services by 36.9% in the 2nd quarter. LSV Asset Management now owns 4,200 shares of the bank’s stock worth $109,000 after purchasing an additional 1,132 shares in the last quarter. Institutional investors own 19.95% of the company’s stock.

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.

Receive News & Ratings for CB Financial Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CB Financial Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.