Rating Worth Watching: Keefe Bruyette & Woods Cuts CB Financial Services (NASDAQ:CBFV) To “Market Perform”

November 29, 2016 - By Peter Kolinski

Rating Worth Watching: Keefe Bruyette & Woods Cuts CB Financial Services (NASDAQ:CBFV) To

CB Financial Services (NASDAQ:CBFV) Downgrade

In a an analyst report revealed to clients on Tuesday morning, equity analysts at Keefe Bruyette & Woods’s research division downgraded CB Financial Services (NASDAQ:CBFV)‘s stock rating from a”Outperform” to “Market Perform”.

CB Financial Services Inc (NASDAQ:CBFV) Ratings Coverage

Out of 2 analysts covering CB Financial Services Inc (NASDAQ:CBFV), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $25 is the highest target while $25 is the lowest. The $25 average target is 2.46% above today’s ($24.4) stock price. CB Financial Services Inc has been the topic of 2 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, August 20 by Wood. The stock of CB Financial Services Inc (NASDAQ:CBFV) earned “Outperform” rating by KBW on Thursday, August 20.

About 1,527 shares traded hands. CB Financial Services Inc (NASDAQ:CBFV) has risen 16.72% since April 26, 2016 and is uptrending. It has outperformed by 11.46% the S&P500.

Analysts await CB Financial Services Inc (NASDAQ:CBFV) to report earnings on February, 3.

CB Financial Services, Inc. is the bank holding firm for Community Bank . The company has a market cap of $99.58 million. The Firm operates in community banking segment. It has a 13.61 P/E ratio. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area.

According to Zacks Investment Research, “CB Financial Services, Inc. is the bank holding company for Community Bank, a chartered commercial bank. The Bank’s services include personal banking and business banking. It offers checking, loan accounts, individual retirement accounts, wealth management, certificates of deposit, recorder check, business checking accounts, business loans, cash management and re-order check. The Bank offers other services, including merchant services, financial and wealth management, wire transfers, credit card, ATM, and online banking services. It serves business owners, non-profit groups, government agencies, school administrators, and individual personal account holders in Pennsylvania. CB Financial Services, Inc. is based in Carmichaels, Pennsylvania.”

CBFV Company Profile

CB Financial Services, Inc., incorporated on February 3, 2005, is the bank holding firm for Community Bank (the Bank). The Firm operates in community banking segment. The Bank offers residential and commercial real estate loans, commercial and industrial loans, and consumer loans, as well as a range of deposit products for individuals and businesses in its market area. The Bank operates through a network of approximately 20 offices in Greene, Allegheny, Washington, Fayette and Westmoreland Counties in southwestern Pennsylvania. In addition, the Bank offers property and casualty, commercial liability, surety and other insurance products, through its subsidiary, Exchange Underwriters, Inc. (Exchange Underwriters), an independent insurance agency.

More notable recent CB Financial Services Inc (NASDAQ:CBFV) news were published by: Globenewswire.com which released: “CB Financial Services, Inc. Announces Third Quarter 2016 Results” on October 28, 2016, also Globenewswire.com with their article: “CB Financial Services, Inc. Announces Quarterly Cash Dividend” published on November 16, 2016, Globenewswire.com published: “CB Financial Services, Inc. Completes Merger With FedFirst Financial …” on October 31, 2014. More interesting news about CB Financial Services Inc (NASDAQ:CBFV) were released by: Globenewswire.com and their article: “CB Financial Services, Inc. Announces Annual Meeting Date” published on March 04, 2015 as well as Reuters.com‘s news article titled: “BRIEF-Cb Financial Services announces third quarter 2016 results” with publication date: October 28, 2016.

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