CB Financial Services (NASDAQ:CBFV) Stock Keeps Buy Rating at DA Davidson

CB Financial Services (NASDAQ:CBFV)‘s stock had its “buy” rating restated by analysts at DA Davidson in a note issued to investors on Tuesday, Benzinga reports. They presently have a $44.00 target price on the bank’s stock. DA Davidson‘s target price indicates a potential upside of 8.94% from the company’s current price.

Several other research analysts have also weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of CB Financial Services from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of CB Financial Services in a report on Monday, September 21st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

CB Financial Services Trading Up 3.2%

Shares of CBFV stock traded up $1.24 during trading hours on Tuesday, hitting $40.39. 5,556 shares of the company were exchanged, compared to its average volume of 5,180. The firm has a market cap of $205.26 million, a PE ratio of 29.92 and a beta of 0.29. CB Financial Services has a 1 year low of $31.72 and a 1 year high of $40.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average of $37.51 and a 200 day moving average of $36.17.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings data on Monday, October 26th. The bank reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.10. The business had revenue of $16.02 million for the quarter, compared to analyst estimates of $16.25 million. CB Financial Services had a net margin of 8.52% and a return on equity of 10.08%. Analysts expect that CB Financial Services will post 3.21 earnings per share for the current year.

Insider Activity at CB Financial Services

In related news, Director John Swiatek sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $37.06, for a total value of $37,060.00. Following the transaction, the director owned 12,644 shares in the company, valued at approximately $468,586.64. This trade represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Stephen Cobain sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $37.10, for a total transaction of $55,650.00. Following the completion of the transaction, the insider owned 4,313 shares in the company, valued at $160,012.30. The trade was a 25.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 10.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Empowered Funds LLC purchased a new stake in shares of CB Financial Services during the second quarter valued at approximately $1,358,000. BlackRock Inc. purchased a new stake in shares of CB Financial Services during the second quarter valued at approximately $10,625,000. The Manufacturers Life Insurance Company purchased a new stake in shares of CB Financial Services during the second quarter valued at approximately $5,843,000. De Lisle Partners LLP purchased a new stake in shares of CB Financial Services during the second quarter valued at approximately $1,268,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of CB Financial Services during the second quarter valued at approximately $351,000. Hedge funds and other institutional investors own 33.06% of the company’s stock.

Key Stories Impacting CB Financial Services

Here are the key news stories impacting CB Financial Services this week:

• Positive Sentiment: CB Financial Services reported third-quarter earnings of $0.91 per share, exceeding consensus estimates of $0.81–$0.83 and rising from $0.74 a year earlier. The earnings beat is a positive signal for profitability. Revenue totaled $16.02 million, while net margin was 8.52% and return on equity was 10.08%. CB Financial Services Q3 Earnings Top Estimates
• Positive Sentiment: DA Davidson reaffirmed its “buy” rating and maintained a $44 price target, implying approximately 8.9% potential upside from the referenced $40.39 level. The endorsement may reinforce confidence in the bank’s valuation and outlook. DA Davidson Reaffirms Buy Rating
• Positive Sentiment: The bank declared a quarterly dividend of $0.28 per share, payable November 27 to shareholders of record November 13. The annualized $1.12 payout represents an indicated yield of about 2.9%, supporting the stock’s income appeal.
• Neutral Sentiment: CB Financial Services reported net charge-offs for the third quarter ended September 30. The announcement provides an update on credit performance, but the available report details do not specify the charge-off amount or whether it materially changed from the prior period. CB Financial Services Reports Net Charge-Offs
• Negative Sentiment: Third-quarter revenue of $16.02 million fell modestly short of the $16.25 million consensus estimate. The revenue miss partially offsets the stronger-than-expected EPS result and could limit the stock’s upside if it signals slower operating growth. CB Financial Services Reports Third-Quarter Earnings

About CB Financial Services

CB Financial Services, Inc is a bank holding company headquartered in Carmichaels, Pennsylvania. Its principal subsidiary, Community Bank, provides personal and business banking services to individuals, families, farms, and companies in the communities it serves.

Community Bank offers a range of deposit products, including checking, savings, money market, and time deposit accounts. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, business loans, agricultural loans, and consumer credit.