CB Financial Services (NASDAQ:CBFV) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of CB Financial Services (NASDAQ:CBFV – Get Rating) in a report issued on Saturday. The firm issued a hold rating on the bank’s stock.

Separately, Zacks Investment Research raised shares of CB Financial Services from a hold rating to a strong-buy rating and set a $29.00 price objective for the company in a report on Thursday, February 3rd.

Shares of CBFV opened at $21.48 on Friday. CB Financial Services has a 52 week low of $21.02 and a 52 week high of $26.80. The firm has a market cap of $110.66 million, a P/E ratio of 9.68 and a beta of 0.68. The firm’s 50-day simple moving average is $23.21 and its 200 day simple moving average is $24.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.87 and a current ratio of 0.87.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Friday, May 20th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.47%. The ex-dividend date is Thursday, May 19th. CB Financial Services’s payout ratio is 43.24%.

In related news, Director Karl G. Baily acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 3rd. The stock was acquired at an average price of $25.75 per share, with a total value of $25,750.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 10.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in CB Financial Services by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 185,433 shares of the bank’s stock valued at $4,451,000 after acquiring an additional 495 shares during the period. Petiole USA ltd acquired a new stake in shares of CB Financial Services during the fourth quarter worth $4,310,000. The Manufacturers Life Insurance Company increased its position in shares of CB Financial Services by 1.8% during the first quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank’s stock worth $3,700,000 after buying an additional 2,742 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of CB Financial Services by 393.5% during the third quarter. The Manufacturers Life Insurance Company now owns 151,286 shares of the bank’s stock worth $3,548,000 after buying an additional 120,630 shares during the period. Finally, Fourthstone LLC increased its position in shares of CB Financial Services by 42.3% during the third quarter. Fourthstone LLC now owns 92,500 shares of the bank’s stock worth $2,168,000 after buying an additional 27,516 shares during the period. Hedge funds and other institutional investors own 30.65% of the company’s stock.

About CB Financial Services (Get Rating)

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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