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CB Financial Services (NASDAQ:CBFV) Given “Neutral” Rating at DA Davidson

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DA Davidson reissued their neutral rating on shares of CB Financial Services (NASDAQ:CBFV – Get Rating) in a research note published on Wednesday, PriceTargets.com reports. DA Davidson also issued estimates for CB Financial Services’ Q2 2022 earnings at $0.52 EPS, FY2022 earnings at $2.35 EPS and FY2023 earnings at $2.60 EPS.

CBFV has been the subject of a number of other research reports. StockNews.com initiated coverage on shares of CB Financial Services in a research note on Sunday, July 24th. They issued a hold rating for the company. TheStreet cut shares of CB Financial Services from a b rating to a c+ rating in a research report on Tuesday, May 24th.

CB Financial Services Price Performance

Shares of CB Financial Services stock opened at $23.67 on Wednesday. CB Financial Services has a 52-week low of $20.49 and a 52-week high of $26.80. The stock has a market capitalization of $121.95 million, a price-to-earnings ratio of 10.66 and a beta of 0.64. The company has a fifty day moving average of $22.41 and a 200-day moving average of $23.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.87 and a current ratio of 0.87.

CB Financial Services (NASDAQ:CBFV – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.11. CB Financial Services had a net margin of 19.99% and a return on equity of 8.38%. The company had revenue of $12.51 million during the quarter. Equities research analysts expect that CB Financial Services will post 2.35 EPS for the current year.

CB Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Friday, August 19th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, August 18th. This represents a $0.96 annualized dividend and a yield of 4.06%. CB Financial Services’s payout ratio is currently 43.24%.

Institutional Investors Weigh In On CB Financial Services

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of CB Financial Services by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 185,433 shares of the bank’s stock worth $4,451,000 after purchasing an additional 495 shares during the period. The Manufacturers Life Insurance Company lifted its position in CB Financial Services by 1.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank’s stock valued at $3,700,000 after acquiring an additional 2,742 shares during the period. American Century Companies Inc. lifted its position in CB Financial Services by 36.4% during the 4th quarter. American Century Companies Inc. now owns 12,376 shares of the bank’s stock valued at $298,000 after acquiring an additional 3,304 shares during the period. First National Trust Co lifted its position in CB Financial Services by 130.5% during the 4th quarter. First National Trust Co now owns 19,941 shares of the bank’s stock valued at $480,000 after acquiring an additional 11,291 shares during the period. Finally, UMB Bank N A MO purchased a new position in CB Financial Services during the 4th quarter valued at about $298,000. Hedge funds and other institutional investors own 30.65% of the company’s stock.

About CB Financial Services

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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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