Keefe, Bruyette & Woods Reiterates “Market Perform” Rating for CB Financial Services (NASDAQ:CBFV)

CB Financial Services (NASDAQ:CBFV)‘s stock had its “market perform” rating reiterated by stock analysts at Keefe, Bruyette & Woods in a note issued to investors on Thursday, Benzinga reports. They presently have a $24.00 target price on the bank’s stock, down from their previous target price of $26.00. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 7.62% from the company’s current price.

Several other research firms have also commented on CBFV. StockNews.com initiated coverage on CB Financial Services in a research note on Tuesday. They set a “hold” rating for the company. DA Davidson reiterated a “neutral” rating and set a $24.00 price target on shares of CB Financial Services in a research report on Monday, February 5th.

CB Financial Services Price Performance

Shares of NASDAQ:CBFV traded up $0.13 during midday trading on Thursday, reaching $22.30. 1,997 shares of the company’s stock traded hands, compared to its average volume of 2,164. The company has a market cap of $114.62 million, a P/E ratio of 5.07 and a beta of 0.54. The company has a fifty day simple moving average of $21.73 and a two-hundred day simple moving average of $22.44. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.91 and a current ratio of 0.91. CB Financial Services has a 1 year low of $17.20 and a 1 year high of $27.02.

CB Financial Services (NASDAQ:CBFV) last released its earnings results on Wednesday, January 31st. The bank reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $27.65 million during the quarter, compared to analysts’ expectations of $12.90 million. CB Financial Services had a net margin of 25.36% and a return on equity of 9.45%. Equities analysts predict that CB Financial Services will post 2.22 EPS for the current fiscal year.

Institutional Investors Weigh In On CB Financial Services

An institutional investor recently raised its position in CB Financial Services stock. Janney Montgomery Scott LLC boosted its stake in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 326,985 shares of the bank’s stock after buying an additional 3,604 shares during the period. Janney Montgomery Scott LLC owned 6.39% of CB Financial Services worth $7,786,000 at the end of the most recent quarter. 33.06% of the stock is currently owned by hedge funds and other institutional investors.

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 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.