Is Buying CB Financial Services Inc (CBFV) Here a Winning Strategy? The Stock Formed Bullish Double Top

September 17, 2017 - By Adrian Mccoy

The chart of CB Financial Services Inc (CBFV) shows a double top with $28.33 target or 3.00 % above today’s $27.50 share price. The 6 months chart pattern indicates low risk for the $112.42 million company. It was reported on Sep, 17 by Finviz.com. If the $28.33 price target is reached, the company will be worth $3.37M more. Double tops are rare but powerful chart patterns.

The stock increased 0.36% or $0.1 on September 15, reaching $27.5. About 7,868 shares traded or 282.68% up from the average. CB Financial Services Inc (NASDAQ:CBFV) has risen 41.63% since September 17, 2016 and is uptrending. It has outperformed by 24.93% the S&P500.

Investors wait CB Financial Services Inc (NASDAQ:CBFV) to report on October, 27. its quarterly earnings Wall Street analysts expect $0.41 earnings per share, up $0.03 or 7.89 % from last year’s $0.38 same quarter earnings. This translates into $1.68M profit for CBFV giving the stock a 16.77 P/E. This is assuming the current $0.41 EPS is accurate. CB Financial Services Inc’s Wall Street analysts see -6.82 % negative EPS growth, taking into account the $0.44 EPS reproted in the previous quarter,

CB Financial Services Inc (NASDAQ:CBFV) Ratings Coverage

Among 3 analysts covering CB Financial Services Inc (NASDAQ:CBFV), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. CB Financial Services Inc had 5 analyst reports since August 20, 2015 according to SRatingsIntel. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, July 27. The rating was downgraded by Wood to “Market Perform” on Tuesday, November 29. The company was maintained on Monday, June 26 by Keefe Bruyette & Woods. Wood initiated it with “Outperform” rating and $25 target in Thursday, August 20 report. The stock of CB Financial Services Inc (NASDAQ:CBFV) earned “Outperform” rating by KBW on Thursday, August 20.

More important recent CB Financial Services Inc (NASDAQ:CBFV) news were published by: Seekingalpha.com which released: “CB Financial Services: Deservedly Making New Highs” on August 24, 2016, also Globenewswire.com published article titled: “CB Financial Services, Inc. Announces Fourth Quarter and Year-End 2016 Results”, Nasdaq.com published: “CB Financial Services, Inc. (CBFV) Ex-Dividend Date Scheduled for September 07 …” on September 06, 2017. More interesting news about CB Financial Services Inc (NASDAQ:CBFV) was released by: Bizjournals.com and their article: “O’Brien appointed president at CB Financial” with publication date: May 18, 2017.

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