StockNews.com began covering stocks of CB Financial Services (NASDAQ:CBFV – Get a rating) in a research report released Friday. The company has set a “hold” rating on the bank’s shares.
Separately, Zacks Investment Research upgraded CB Financial Services shares from a “hold” rating to a “strong-buy” rating and set a target price of $29.00 on the stock in a research report. Thursday, February 3.
The NASDAQ CBFV opened at $22.27 on Friday. CB Financial Services has a 1 year minimum of $21.30 and a 1 year maximum of $26.80. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt ratio of 0.13. The company has a market capitalization of $114.85 million, a PE ratio of 10.03 and a beta of 0.68. The company’s fifty-day simple moving average is $23.55 and its 200-day simple moving average is $24.16.
Separately, director Karl G. Baily acquired 1,000 shares of the company in a transaction on Thursday, March 3. The shares were purchased at an average cost of $25.75 per share, with a total value of $25,750.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 10.10% of the shares are currently held by insiders.
Several institutional investors and hedge funds have recently changed their positions in the company. Royal Bank of Canada increased its position in CB Financial Services by 172.0% during the second quarter. Royal Bank of Canada now owns 1,333 shares of the bank worth $29,000 after acquiring 843 additional shares in the last quarter. UBS Group AG increased its position in CB Financial Services by 196.1% during the third quarter. UBS Group AG now owns 1,913 shares in the bank worth $45,000 after acquiring 1,267 additional shares in the last quarter. American Century Companies Inc. acquired a new stake in CB Financial Services during Q3 for a value of approximately $209,000. UMB Bank NA MO acquired a new position in CB Financial Services during Q4 worth $298,000. Finally, BlackRock Inc. increased its stake in CB Financial Services by 2.9% during the 4th quarter. BlackRock Inc. now owns 14,170 shares of the bank worth $340,000 after buying 405 more shares in the last quarter. 30.65% of the shares are currently held by institutional investors and hedge funds.
About CB Financial Services (Get a rating)
CB Financial Services, Inc operates as a bank holding company for Community Bank which provides various personal and business banking products and services in Southwestern Pennsylvania, West Virginia and Ohio. The Company’s main deposit products include demand deposits, NOW accounts, money market accounts and savings accounts, as well as term deposit products.
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