Keefe, Bruyette & Woods reiterated their market perform rating on shares of CB Financial Services (NASDAQ:CBFV – Free Report) in a research note issued to investors on Thursday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a $24.00 price target on the bank’s stock, down from their prior price target of $26.00.
Other equities analysts have also issued reports about the stock. DA Davidson restated a neutral rating and issued a $24.00 price objective on shares of CB Financial Services in a report on Monday, February 5th. StockNews.com began coverage on CB Financial Services in a research report on Tuesday. They issued a hold rating on the stock.
Read Our Latest Stock Analysis on CBFV
CB Financial Services Trading Up 0.6 %
CB Financial Services (NASDAQ:CBFV – Get Free Report) last released its earnings results on Wednesday, January 31st. The bank reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $27.65 million for the quarter, compared to the consensus estimate of $12.90 million. CB Financial Services had a net margin of 25.36% and a return on equity of 9.45%. Analysts expect that CB Financial Services will post 2.22 EPS for the current year.
CB Financial Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Tuesday, May 14th. CB Financial Services’s dividend payout ratio is currently 22.73%.
Institutional Investors Weigh In On CB Financial Services
An institutional investor recently raised its position in CB Financial Services stock. Janney Montgomery Scott LLC lifted its position in CB Financial Services, Inc. (NASDAQ:CBFV – Free Report) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,381 shares of the bank’s stock after buying an additional 12,218 shares during the period. Janney Montgomery Scott LLC owned about 6.32% of CB Financial Services worth $6,920,000 as of its most recent SEC filing. Institutional investors and hedge funds own 33.06% of the company’s stock.
About CB Financial Services
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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