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StockNews.com analysts initiated coverage on shares of CB Financial Services, setting a “hold” rating. Janney Montgomery Scott also began coverage, giving a “neutral” rating and a $25.00 target price. The stock opened at $23.81, with a 1 year low of $17.20 and high of $24.98. The company has a market cap of $121.91 million and a price-to-earnings ratio of 8.95.

According to the latest earnings release, CB Financial Services missed the consensus estimate by $0.08, reporting $0.52 earnings per share. Revenue for the quarter was $13.13 million. Analysts anticipate an earnings per share of 2.46 for the current fiscal year.

Institutional investors have made changes to their positions in CB Financial Services. Four hedge funds have increased their stakes in the company, with 31.97% of the stock currently owned by hedge funds and other institutional investors.

CB Financial Services operates as a bank holding company for Community Bank, offering various banking products and services in southwestern Pennsylvania, West Virginia, and Ohio. Their primary deposit products include demand deposits, NOW accounts, money market accounts, savings accounts, and time deposit products.



Read more: CB Financial Services (NASDAQ:CBFV) Earns Hold Rating from Analysts at StockNews.com