CB Financial Services (NASDAQ:CBFV) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, ValuEngine reports.

CBFV has been the subject of a number of other research reports. DA Davidson boosted their price target on CB Financial Services from $23.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Zacks Investment Research cut CB Financial Services from a “hold” rating to a “sell” rating in a report on Monday, April 27th. Finally, TheStreet upgraded CB Financial Services from a “c” rating to a “b-” rating in a research note on Monday, June 8th.

CBFV stock traded down $2.25 during midday trading on Monday, reaching $22.00. The company’s stock had a trading volume of 606,300 shares, compared to its average volume of 16,750. CB Financial Services has a 1 year low of $16.25 and a 1 year high of $30.95. The firm has a market capitalization of $118.66 million, a price-to-earnings ratio of 9.87 and a beta of 0.81. The stock has a fifty day simple moving average of $24.24 and a two-hundred day simple moving average of $25.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.90 and a current ratio of 0.90.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings results on Monday, May 4th. The bank reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.33). The company had revenue of $12.40 million during the quarter, compared to analysts’ expectations of $13.20 million. CB Financial Services had a return on equity of 7.30% and a net margin of 20.27%. As a group, analysts forecast that CB Financial Services will post 1.1 EPS for the current fiscal year.

In related news, Director John J. Lacarte purchased 2,400 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $22.25 per share, for a total transaction of $53,400.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have acquired a total of 3,890 shares of company stock worth $87,735 in the last ninety days. Insiders own 9.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. UBS Group AG boosted its holdings in shares of CB Financial Services by 129.9% in the 4th quarter. UBS Group AG now owns 1,386 shares of the bank’s stock valued at $41,000 after buying an additional 783 shares in the last quarter. Advisor Group Holdings Inc. purchased a new stake in CB Financial Services during the first quarter valued at approximately $30,000. Hillsdale Investment Management Inc. boosted its stake in CB Financial Services by 30.8% in the first quarter. Hillsdale Investment Management Inc. now owns 3,400 shares of the bank’s stock valued at $65,000 after acquiring an additional 800 shares in the last quarter. Rodgers Brothers Inc. purchased a new position in CB Financial Services in the fourth quarter worth $216,000. Finally, Wells Fargo & Company MN increased its position in shares of CB Financial Services by 19.6% during the first quarter. Wells Fargo & Company MN now owns 7,584 shares of the bank’s stock worth $146,000 after purchasing an additional 1,241 shares in the last quarter. 25.80% of the stock is owned by institutional investors and hedge funds.

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 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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