Keefe, Bruyette & Woods Increases CB Financial Services (NASDAQ:CBFV) Price Target to $41.00

CB Financial Services (NASDAQ:CBFV) had its target price lifted by equities researchers at Keefe, Bruyette & Woods from $40.00 to $41.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 8.59% from the company’s previous close.

A number of other analysts also recently weighed in on CBFV. DA Davidson increased their price target on shares of CB Financial Services from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Zacks Research raised shares of CB Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CB Financial Services in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, CB Financial Services has a consensus rating of “Moderate Buy” and an average target price of $42.50.

CB Financial Services Trading Down 0.5%

NASDAQ CBFV opened at $37.76 on Monday. The stock has a 50-day simple moving average of $36.68 and a 200 day simple moving average of $35.72. The company has a market capitalization of $191.42 million, a PE ratio of 27.97 and a beta of 0.28. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. CB Financial Services has a 12 month low of $30.00 and a 12 month high of $38.86.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Monday, July 27th. The bank reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $15.53 million for the quarter, compared to analysts’ expectations of $15.40 million. CB Financial Services had a return on equity of 10.17% and a net margin of 8.52%. Research analysts forecast that CB Financial Services will post 3.21 EPS for the current year.

Hedge Funds Weigh In On CB Financial Services

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its stake in CB Financial Services by 1,093.4% during the 4th quarter. Bank of America Corp DE now owns 3,807 shares of the bank’s stock worth $109,000 after purchasing an additional 3,488 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in CB Financial Services by 108.0% in the first quarter. Goldman Sachs Group Inc. now owns 22,538 shares of the bank’s stock valued at $641,000 after buying an additional 11,704 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of CB Financial Services by 2.5% in the first quarter. Empowered Funds LLC now owns 34,000 shares of the bank’s stock valued at $967,000 after buying an additional 828 shares during the period. Jane Street Group LLC acquired a new position in shares of CB Financial Services in the first quarter valued at approximately $537,000. Finally, Acadian Asset Management LLC raised its holdings in shares of CB Financial Services by 30.3% during the first quarter. Acadian Asset Management LLC now owns 4,158 shares of the bank’s stock worth $115,000 after acquiring an additional 966 shares during the period. Institutional investors own 33.06% of the company’s stock.

About CB Financial Services

CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.

The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.