Zacks Investment Research upgraded shares of CB Financial Services, Inc. (NASDAQ:CBFV) from a hold rating to a buy rating in a report released on Wednesday morning. They currently have $33.00 price objective on the bank’s stock.
According to Zacks, “CB Financial Services, Inc. is the bank holding company for Community Bank, a chartered commercial bank. The Bank’s services include personal banking and business banking. It offers checking, loan accounts, individual retirement accounts, wealth management, certificates of deposit, recorder check, business checking accounts, business loans, cash management and re-order check. The Bank offers other services, including merchant services, financial and wealth management, wire transfers, credit card, ATM, and online banking services. It serves business owners, non-profit groups, government agencies, school administrators, and individual personal account holders in Pennsylvania. CB Financial Services, Inc. is based in Carmichaels, Pennsylvania. “
Separately, Keefe, Bruyette & Woods reissued a hold rating and issued a $29.00 price target on shares of CB Financial Services in a report on Thursday, July 27th.
CB Financial Services (NASDAQ CBFV) opened at $30.50 on Wednesday. The stock has a market capitalization of $123.50 million, a PE ratio of 16.33, a P/E/G ratio of 1.65 and a beta of 0.36. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.27.
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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Banc Funds Co. LLC boosted its holdings in CB Financial Services by 66.3% in the second quarter. Banc Funds Co. LLC now owns 60,536 shares of the bank’s stock worth $1,571,000 after acquiring an additional 24,135 shares in the last quarter. Vanguard Group Inc. boosted its holdings in CB Financial Services by 1.6% in the second quarter. Vanguard Group Inc. now owns 63,052 shares of the bank’s stock worth $1,645,000 after acquiring an additional 1,021 shares in the last quarter. Kennedy Capital Management Inc. boosted its holdings in CB Financial Services by 151.8% in the second quarter. Kennedy Capital Management Inc. now owns 64,383 shares of the bank’s stock worth $1,671,000 after acquiring an additional 38,810 shares in the last quarter. LSV Asset Management boosted its holdings in CB Financial Services by 36.9% in the second quarter. LSV Asset Management now owns 4,200 shares of the bank’s stock worth $109,000 after acquiring an additional 1,132 shares in the last quarter. Finally, First National Trust Co. boosted its holdings in CB Financial Services by 13.7% in the second quarter. First National Trust Co. now owns 15,515 shares of the bank’s stock worth $403,000 after acquiring an additional 1,865 shares in the last quarter. 19.95% of the stock is owned by institutional investors and hedge funds.
About CB Financial Services
CB Financial Services, Inc is the bank holding company for Community Bank (the Bank). The Company operates in community banking segment. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area.
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