CB Financial Services (NASDAQ:CBFV) Stock Rating Upgraded by StockNews.com

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 Price Performance

CBFV traded up $0.38 during trading on Wednesday, reaching $29.46. The stock had a trading volume of 31,788 shares, compared to its average volume of 8,498. The stock has a 50 day moving average of $28.13 and a two-hundred day moving average of $29.05. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $150.30 million, a price-to-earnings ratio of 12.33 and a beta of 0.33. CB Financial Services has a 1-year low of $20.75 and a 1-year high of $33.72.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.07. The business had revenue of $12.10 million during the quarter, compared to analyst estimates of $12.69 million. CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. As a group, equities analysts anticipate 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 the business's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $29.02, for a total transaction of $72,550.00. Following the sale, the director now directly owns 11,494 shares of the company's stock, valued at $333,555.88. The trade was 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 available at this link. Company insiders own 9.40% of the company's stock.

Hedge Funds Weigh In On CB Financial Services

A number of institutional investors have recently bought and sold shares of CBFV. Barclays PLC boosted its holdings in shares of CB Financial Services by 12.7% in the third quarter. Barclays PLC now owns 8,373 shares of the bank's stock worth $234,000 after buying an additional 943 shares during the period. Geode Capital Management LLC grew its position in 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. Empowered Funds LLC raised its stake in CB Financial Services by 1.8% during the 4th quarter. Empowered Funds LLC now owns 33,172 shares of the bank's stock valued at $948,000 after purchasing an additional 600 shares during the period. Waldron Private Wealth LLC raised its stake in CB Financial Services by 100.0% during the 4th quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank's stock valued at $3,447,000 after purchasing an additional 60,306 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of CB Financial Services in the third quarter valued at $941,000. Hedge funds and other 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.