CB Financial Services (CBFV) Lowered to Sell at ValuEngine

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ValuEngine downgraded shares of CB Financial Services (NASDAQ:CBFV) from a hold rating to a sell rating in a research report released on Tuesday.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of CB Financial Services from a sell rating to a hold rating in a research note on Monday, December 17th. TheStreet raised shares of CB Financial Services from a c+ rating to a b- rating in a research note on Wednesday, February 27th.

CBFV stock opened at $24.00 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. CB Financial Services has a 12 month low of $22.82 and a 12 month high of $36.95. The company has a market capitalization of $135.35 million, a PE ratio of 14.20, a PEG ratio of 1.20 and a beta of 0.38.

CB Financial Services (NASDAQ:CBFV) last announced its earnings results on Thursday, January 31st. The bank reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $12.77 million during the quarter, compared to analysts’ expectations of $12.55 million. CB Financial Services had a net margin of 13.81% and a return on equity of 6.49%. Equities research analysts predict that CB Financial Services will post 2.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Shareholders of record on Monday, March 11th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 8th. This is an increase from CB Financial Services’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 4.00%. CB Financial Services’s dividend payout ratio (DPR) is 54.44%.

In other CB Financial Services news, Director Jonathan Bedway purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, February 26th. The shares were purchased at an average cost of $26.13 per share, with a total value of $104,520.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John J. Lacarte purchased 2,250 shares of the firm’s stock in a transaction on Tuesday, December 18th. The shares were acquired at an average cost of $25.25 per share, for a total transaction of $56,812.50. The disclosure for this purchase can be found here. Insiders have acquired 6,852 shares of company stock worth $176,108 over the last three months. Insiders own 10.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of CB Financial Services by 3.5% during the fourth quarter. BlackRock Inc. now owns 222,109 shares of the bank’s stock worth $5,505,000 after acquiring an additional 7,609 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of CB Financial Services by 5.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 169,247 shares of the bank’s stock worth $4,194,000 after acquiring an additional 8,774 shares in the last quarter. Wesbanco Bank Inc. raised its stake in shares of CB Financial Services by 3.3% during the fourth quarter. Wesbanco Bank Inc. now owns 57,705 shares of the bank’s stock worth $1,430,000 after acquiring an additional 1,825 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CB Financial Services by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 51,018 shares of the bank’s stock worth $1,264,000 after acquiring an additional 1,955 shares in the last quarter. Finally, Northern Trust Corp purchased a new position in shares of CB Financial Services during the second quarter worth approximately $1,443,000. 27.52% 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. The company's deposit products include demand deposits, NOW accounts, money market accounts, savings accounts, and time deposits.

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