CB Financial Services Inc (NASDAQ:CBFV) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price objective of $33.00 for the company and are predicting that the company will post $0.46 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CB Financial Services an industry rank of 115 out of 257 based on the ratings given to related companies.

Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered CB Financial Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 2nd. ValuEngine raised CB Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Finally, TheStreet lowered CB Financial Services from a “b” rating to a “c+” rating in a research note on Wednesday, October 24th.

In other CB Financial Services news, Director Richard B. Boyer sold 1,028 shares of CB Financial Services stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $32.10, for a total transaction of $32,998.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David F. Pollock purchased 1,100 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were purchased at an average cost of $27.85 per share, with a total value of $30,635.00. Following the purchase, the director now owns 6,691 shares of the company’s stock, valued at $186,344.35. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 1,959 shares of company stock valued at $62,244. Corporate insiders own 10.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its stake in shares of CB Financial Services by 169.2% in the 2nd quarter. Acadian Asset Management LLC now owns 4,032 shares of the bank’s stock valued at $139,000 after acquiring an additional 2,534 shares during the last quarter. BlackRock Inc. lifted its stake in shares of CB Financial Services by 2.1% in the 3rd quarter. BlackRock Inc. now owns 214,500 shares of the bank’s stock valued at $6,617,000 after acquiring an additional 4,335 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of CB Financial Services in the 3rd quarter valued at about $233,000. Renaissance Technologies LLC bought a new stake in shares of CB Financial Services in the 2nd quarter valued at about $266,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of CB Financial Services in the 2nd quarter valued at about $307,000. 26.79% of the stock is owned by institutional investors.

NASDAQ:CBFV opened at $27.03 on Friday. The firm has a market cap of $148.89 million, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 1.80 and a beta of 0.48. CB Financial Services has a 52-week low of $26.06 and a 52-week high of $36.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.84 and a quick ratio of 0.84.

About CB Financial Services

CB Financial Services, Inc operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania. The company's deposit products include demand deposits, NOW accounts, money market accounts, savings accounts, and time deposits.

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