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

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

A number of other research analysts have also recently commented on CBFV. DA Davidson reissued a “buy” rating on shares of CB Financial Services in a research note on Tuesday, February 4th. TheStreet cut CB Financial Services from a “b” rating to a “c+” rating in a research note 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 on the stock in a research note on Thursday, February 6th.

CBFV traded up $0.13 during trading on Wednesday, reaching $18.13. The stock had a trading volume of 8,848 shares, compared to its average volume of 10,518. The stock has a market cap of $98.95 million, a PE 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. CB Financial Services has a one year low of $16.25 and a one year high of $30.95. The business has a 50-day moving average of $26.64 and a 200-day moving average of $27.88.

CB Financial Services (NASDAQ:CBFV) last released its earnings results on Friday, January 31st. The bank reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.13. The business had revenue of $13.46 million for the quarter. CB Financial Services had a return on equity of 8.89% and a net margin of 23.69%. Equities research analysts forecast that CB Financial Services will post 2.17 EPS for the current fiscal year.

In related news, Director Jonathan Bedway acquired 3,000 shares of CB Financial Services stock in a transaction dated Thursday, March 19th. The shares were purchased at an average cost of $19.48 per share, with a total value of $58,440.00. Also, EVP Ralph Burchianti acquired 4,000 shares of CB Financial Services stock in a transaction dated Wednesday, March 18th. The shares were bought at an average cost of $19.62 per share, for a total transaction of $78,480.00. The disclosure for this purchase can be found here. Insiders have bought 7,233 shares of company stock worth $141,431 over the last ninety days. Insiders own 7.90% of the company’s stock.

Several large investors have recently made changes to their positions in CBFV. Russell Investments Group Ltd. bought a new position in shares of CB Financial Services during the third quarter valued at about $200,000. First Trust Advisors LP grew its stake in shares of CB Financial Services by 25.3% during the third quarter. First Trust Advisors LP now owns 11,339 shares of the bank’s stock valued at $315,000 after buying an additional 2,288 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of CB Financial Services by 32.9% during the fourth quarter. Acadian Asset Management LLC now owns 9,726 shares of the bank’s stock valued at $293,000 after buying an additional 2,407 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. bought a new position in shares of CB Financial Services during the fourth quarter valued at about $1,497,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of CB Financial Services by 1.8% during the fourth quarter. Renaissance Technologies LLC now owns 63,641 shares of the bank’s stock worth $1,918,000 after purchasing an additional 1,124 shares during the period. 26.24% of the stock is currently owned by hedge funds and other institutional investors.

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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