CB Financial Services (NASDAQ:CBFV) Price Target Raised to $32.00 at DA Davidson

CB Financial Services (NASDAQ:CBFV - Get Free Report) had its price objective boosted by DA Davidson from $30.00 to $32.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the bank's stock. DA Davidson's price objective indicates a potential downside of 3.09% from the stock's previous close.

Several other analysts have also issued reports on CBFV. Wall Street Zen upgraded CB Financial Services from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods upgraded CB Financial Services from a "market perform" rating to an "outperform" rating and set a $39.00 price objective on the stock in a research note on Thursday.

CB Financial Services Stock Up 5.6%

Shares of CBFV stock traded up $1.75 on Thursday, hitting $33.02. 32,849 shares of the stock were exchanged, compared to its average volume of 18,981. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $165.76 million, a P/E ratio of 15.36 and a beta of 0.29. The business has a 50-day moving average of $28.60 and a 200 day moving average of $28.63. CB Financial Services has a fifty-two week low of $23.40 and a fifty-two week high of $33.72.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last released its earnings results on Tuesday, July 22nd. The bank reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.34. CB Financial Services had a return on equity of 7.80% and a net margin of 14.43%. The business had revenue of $13.47 million for the quarter, compared to analyst estimates of $12.83 million. Equities analysts anticipate that CB Financial Services will post 1.82 EPS for the current year.

Insider Buying and Selling at CB Financial Services

In other news, Director John Swiatek sold 2,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $29.50, for a total transaction of $73,750.00. Following the transaction, the director owned 11,494 shares in the company, valued at approximately $339,073. This trade represents a 17.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.70% of the company's stock.

Hedge Funds Weigh In On CB Financial Services

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in CB Financial Services by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,822 shares of the bank's stock worth $509,000 after buying an additional 967 shares in the last quarter. M3F Inc. acquired a new stake in CB Financial Services during the fourth quarter worth approximately $916,000. 683 Capital Management LLC acquired a new stake in CB Financial Services during the fourth quarter worth approximately $344,000. Ameriprise Financial Inc. acquired a new stake in CB Financial Services during the fourth quarter worth approximately $323,000. Finally, Bank of America Corp DE grew its position in CB Financial Services by 1,093.4% during the fourth quarter. Bank of America Corp DE now owns 3,807 shares of the bank's stock worth $109,000 after buying an additional 3,488 shares in the last quarter. Institutional investors own 33.06% of the company's stock.

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.

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