CB Financial Services’ (CBFV) “Buy” Rating Reiterated at DA Davidson

CB Financial Services (NASDAQ:CBFV)‘s stock had its “buy” rating reissued by equities researchers at DA Davidson in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $44.00 price target on the bank’s stock. DA Davidson‘s price objective would indicate a potential upside of 8.94% from the company’s previous close.

Other analysts have also issued reports about the company. Keefe, Bruyette & Woods raised their price objective on CB Financial Services from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CB Financial Services in a research note on Monday, September 21st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, CB Financial Services has a consensus rating of “Moderate Buy” and an average target price of $42.50.

CB Financial Services Price Performance

Shares of NASDAQ CBFV traded up $1.24 during mid-day trading on Tuesday, reaching $40.39. The company had a trading volume of 5,556 shares, compared to its average volume of 5,180. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.85 and a current ratio of 0.85. CB Financial Services has a one year low of $31.72 and a one year high of $40.39. The firm has a market cap of $205.26 million, a price-to-earnings ratio of 29.92 and a beta of 0.29. The business’s 50-day simple moving average is $37.51 and its 200 day simple moving average is $36.17.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings results on Monday, October 26th. The bank reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.10. The company had revenue of $16.02 million for the quarter, compared to analysts’ expectations of $16.25 million. CB Financial Services had a return on equity of 10.08% and a net margin of 8.52%. On average, research analysts predict that CB Financial Services will post 3.21 earnings per share for the current fiscal year.

Insider Activity at CB Financial Services

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

Institutional Investors Weigh In On CB Financial Services

Several institutional investors have recently bought and sold shares of CBFV. BlackRock Inc. purchased a new position in CB Financial Services in the second quarter worth $10,625,000. M3F Inc. boosted its stake in CB Financial Services by 4.5% in the 1st quarter. M3F Inc. now owns 171,439 shares of the bank’s stock worth $5,860,000 after purchasing an additional 7,425 shares during the period. The Manufacturers Life Insurance Company bought a new position in CB Financial Services in the 2nd quarter worth about $5,843,000. Empowered Funds LLC bought a new position in CB Financial Services in the 2nd quarter worth about $1,358,000. Finally, De Lisle Partners LLP bought a new position in CB Financial Services in the 2nd quarter worth about $1,268,000. 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.