Keefe, Bruyette & Woods Has Lowered Expectations for CB Financial Services (NASDAQ:CBFV) Stock Price

CB Financial Services (NASDAQ:CBFV) had its price objective decreased by research analysts at Keefe, Bruyette & Woods from $40.00 to $39.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 11.96% from the company’s previous close.

A number of other research firms have also weighed in on CBFV. Weiss Ratings reissued a “hold (c)” rating on shares of CB Financial Services in a research note on Monday, December 29th. Zacks Research lowered CB Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.50.

CB Financial Services Price Performance

CBFV traded down $0.62 on Thursday, reaching $34.84. 4,773 shares of the company’s stock were exchanged, compared to its average volume of 3,343. CB Financial Services has a twelve month low of $26.01 and a twelve month high of $37.45. The stock has a market cap of $174.52 million, a PE ratio of 73.20 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s fifty day moving average price is $35.17 and its 200-day moving average price is $33.34.

CB Financial Services (NASDAQ:CBFV) last released its earnings results on Tuesday, January 27th. The bank reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.11). The business had revenue of $14.79 million during the quarter, compared to analysts’ expectations of $14.90 million. CB Financial Services had a return on equity of 9.61% and a net margin of 6.09%. Sell-side analysts expect that CB Financial Services will post 1.82 EPS for the current year.

Insider Buying and Selling at CB Financial Services

In related news, EVP Bruce A. Sharp purchased 1,000 shares of CB Financial Services stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average cost of $32.80 per share, with a total value of $32,800.00. Following the purchase, the executive vice president owned 1,000 shares of the company’s stock, valued at approximately $32,800. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CBFV. Janney Montgomery Scott LLC raised its holdings in shares of CB Financial Services by 1.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 340,462 shares of the bank’s stock valued at $9,703,000 after buying an additional 3,816 shares during the period. Vanguard Group Inc. increased its stake in CB Financial Services by 158.5% during the third quarter. Vanguard Group Inc. now owns 246,068 shares of the bank’s stock worth $8,172,000 after purchasing an additional 150,873 shares during the period. M3F Inc. lifted its position in shares of CB Financial Services by 79.8% during the second quarter. M3F Inc. now owns 175,358 shares of the bank’s stock worth $4,998,000 after purchasing an additional 77,809 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of CB Financial Services by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 166,918 shares of the bank’s stock valued at $4,757,000 after purchasing an additional 2,044 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of CB Financial Services by 112.2% in the second quarter. Geode Capital Management LLC now owns 107,608 shares of the bank’s stock valued at $3,067,000 after purchasing an additional 56,889 shares in the last quarter. 33.06% of the stock is currently owned by institutional investors and hedge funds.

CB Financial Services Company Profile

CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.

The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.