CB Financial Services (NASDAQ:CBFV – Get Free Report)‘s stock had its “market perform” rating restated by research analysts at Keefe, Bruyette & Woods in a report released on Thursday, Benzinga reports. They currently have a $24.00 target price on the bank’s stock, down from their prior target price of $26.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 8.55% from the stock’s current price.
Other equities analysts have also issued research reports about the stock. DA Davidson reissued a “neutral” rating and issued a $24.00 price target on shares of CB Financial Services in a research report on Monday, February 5th. StockNews.com started coverage on shares of CB Financial Services in a research report on Tuesday. They set a “hold” rating on the stock.
Check Out Our Latest Report on CB Financial Services
CB Financial Services Stock Down 0.9 %
CB Financial Services (NASDAQ:CBFV – Get Free Report) last posted its earnings results on Wednesday, January 31st. The bank reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $27.65 million during the quarter, compared to analysts’ expectations of $12.90 million. CB Financial Services had a net margin of 25.36% and a return on equity of 9.45%. As a group, analysts forecast that CB Financial Services will post 2.17 EPS for the current fiscal year.
Institutional Investors Weigh In On CB Financial Services
An institutional investor recently raised its position in CB Financial Services stock. Janney Montgomery Scott LLC grew its position in CB Financial Services, Inc. (NASDAQ:CBFV – Free Report) by 1.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 326,985 shares of the bank’s stock after purchasing an additional 3,604 shares during the period. Janney Montgomery Scott LLC owned about 6.39% of CB Financial Services worth $7,786,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 33.06% of the company’s stock.
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, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products.
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