CB Financial Services (NASDAQ:CBFV) Issues Earnings Results, Beats Estimates By $0.04 EPS

CB Financial Services (NASDAQ:CBFV) issued its quarterly earnings results on Friday. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04, Zacks reports. CB Financial Services had a net margin of 24.64% and a return on equity of 8.61%. The company had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million.

CB Financial Services Price Performance

Shares of CB Financial Services stock traded down $0.39 on Monday, hitting $28.50. The company’s stock had a trading volume of 1,400 shares, compared to its average volume of 3,912. CB Financial Services has a 52-week low of $20.75 and a 52-week high of $29.50. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $27.49 and a 200-day moving average price of $24.44. The company has a market capitalization of $146.55 million, a P/E ratio of 6.48 and a beta of 0.57.

Wall Street Analysts Forecast Growth

CBFV has been the subject of several recent analyst reports. StockNews.com initiated coverage on shares of CB Financial Services in a research report on Wednesday, October 23rd. They set a “hold” rating for the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $25.00 price objective (up previously from $24.00) on shares of CB Financial Services in a research report on Monday, July 29th.

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, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products.