Zacks: Brokerages Set $31.00 Target Price for CB Financial Services Inc (NASDAQ:CBFV)

CB Financial Services Inc (NASDAQ:CBFV) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus price objective of $31.00 for the company and are expecting that the company will post $0.49 EPS for the current quarter, according to Zacks. Zacks has also assigned CB Financial Services an industry rank of 145 out of 255 based on the ratings given to its competitors.

CBFV has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of CB Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. ValuEngine raised shares of CB Financial Services from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC raised its stake in shares of CB Financial Services by 1,262.0% in the second quarter. Acadian Asset Management LLC now owns 6,783 shares of the bank’s stock worth $161,000 after acquiring an additional 6,285 shares during the last quarter. Stonebridge Capital Advisors LLC acquired a new stake in shares of CB Financial Services during the 2nd quarter worth approximately $28,000. Renaissance Technologies LLC grew its position in shares of CB Financial Services by 142.1% during the 2nd quarter. Renaissance Technologies LLC now owns 58,600 shares of the bank’s stock worth $1,392,000 after buying an additional 34,400 shares during the period. Paloma Partners Management Co acquired a new stake in shares of CB Financial Services during the 2nd quarter worth approximately $514,000. Finally, Janney Montgomery Scott LLC grew its position in shares of CB Financial Services by 12.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 213,740 shares of the bank’s stock worth $5,933,000 after buying an additional 23,056 shares during the period. 26.84% of the stock is owned by institutional investors.

Shares of CB Financial Services stock traded up $0.31 on Thursday, hitting $27.56. The company had a trading volume of 21,100 shares, compared to its average volume of 10,965. CB Financial Services has a 52 week low of $22.77 and a 52 week high of $27.90. The company has a market cap of $148.10 million, a PE ratio of 16.31 and a beta of 0.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50-day simple moving average of $26.77 and a 200-day simple moving average of $24.92.

CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Monday, October 28th. The bank reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.17. CB Financial Services had a net margin of 20.31% and a return on equity of 8.53%. The company had revenue of $13.30 million during the quarter. On average, equities research analysts predict that CB Financial Services will post 2.25 earnings per share for the current fiscal year.

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 southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts.

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