CB Financial Services (NASDAQ:CBFV) Lowered to Sell at ValuEngine

CB Financial Services (NASDAQ:CBFV) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Wednesday, ValuEngine reports.

Other equities analysts have also issued reports about the company. DA Davidson reaffirmed a “buy” rating on shares of CB Financial Services in a report on Tuesday, February 4th. TheStreet lowered CB Financial Services from a “b” rating to a “c+” rating in a report on Friday, March 20th. Finally, Zacks Investment Research raised CB Financial Services from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a report on Thursday, February 6th.

CBFV traded up $0.13 during midday trading on Wednesday, reaching $18.13. 8,848 shares of the company were exchanged, compared to its average volume of 10,518. The company has a market cap of $98.95 million, a price-to-earnings ratio of 6.89 and a beta of 0.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.88. The company’s fifty day moving average price is $26.64 and its 200 day moving average price is $27.88. CB Financial Services has a one year low of $16.25 and a one year high of $30.95.

CB Financial Services (NASDAQ:CBFV) last released its earnings results on Friday, January 31st. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.13. The company had revenue of $13.46 million during the quarter. CB Financial Services had a return on equity of 8.89% and a net margin of 23.69%. As a group, sell-side analysts anticipate that CB Financial Services will post 2.17 earnings per share for the current fiscal year.

In other news, Director Jonathan Bedway acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price of $19.48 per share, for a total transaction of $58,440.00. Also, EVP Ralph Burchianti acquired 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average price of $19.62 per share, for a total transaction of $78,480.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 7,233 shares of company stock valued at $141,431. 7.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in CB Financial Services by 8.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,601 shares of the bank’s stock valued at $259,000 after purchasing an additional 660 shares during the last quarter. UBS Group AG lifted its stake in CB Financial Services by 129.9% in the fourth quarter. UBS Group AG now owns 1,386 shares of the bank’s stock valued at $41,000 after purchasing an additional 783 shares during the last quarter. Renaissance Technologies LLC lifted its stake in CB Financial Services by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 63,641 shares of the bank’s stock valued at $1,918,000 after purchasing an additional 1,124 shares during the last quarter. First Trust Advisors LP lifted its stake in CB Financial Services by 25.3% in the third quarter. First Trust Advisors LP now owns 11,339 shares of the bank’s stock valued at $315,000 after purchasing an additional 2,288 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in CB Financial Services by 32.9% in the fourth quarter. Acadian Asset Management LLC now owns 9,726 shares of the bank’s stock valued at $293,000 after purchasing an additional 2,407 shares during the last quarter. Institutional investors and hedge funds own 26.24% 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 southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts.

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