StockNews.com Upgrades CB Financial Services (NASDAQ:CBFV) to "Hold"

CB Financial Services (NASDAQ:CBFV - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Wednesday.

CB Financial Services Stock Up 1.4 %

NASDAQ CBFV traded up $0.40 during trading hours on Wednesday, reaching $29.86. 18,574 shares of the company's stock were exchanged, compared to its average volume of 8,569. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $152.35 million, a price-to-earnings ratio of 12.49 and a beta of 0.33. The company's 50-day moving average is $28.13 and its two-hundred day moving average is $29.06. CB Financial Services has a one year low of $20.75 and a one year high of $33.72.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.07. The company had revenue of $12.10 million during the quarter, compared to the consensus estimate of $12.69 million. CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. On average, analysts forecast that CB Financial Services will post 1.82 EPS for the current fiscal year.

Insider Activity at CB Financial Services

In other news, Director John Swiatek sold 2,500 shares of CB Financial Services stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $29.02, for a total value of $72,550.00. Following the sale, the director now directly owns 11,494 shares in the company, valued at $333,555.88. This trade represents a 17.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CBFV. Waldron Private Wealth LLC raised its holdings in CB Financial Services by 100.0% during the fourth quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank's stock worth $3,447,000 after acquiring an additional 60,306 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CB Financial Services by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank's stock worth $1,352,000 after purchasing an additional 4,295 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of CB Financial Services in the 3rd quarter valued at approximately $941,000. Empowered Funds LLC grew its stake in shares of CB Financial Services by 1.8% in the fourth quarter. Empowered Funds LLC now owns 33,172 shares of the bank's stock valued at $948,000 after buying an additional 600 shares in the last quarter. Finally, M3F Inc. acquired a new position in CB Financial Services during the fourth quarter worth $916,000. Institutional investors 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.