CB Financial Services (CBFV) AI Stock Analysis

• Market Cap: $176.08M
• Dividend Yield: 2.9%
• Average Volume (3M): 14.48K
• Price to Earnings (P/E): 87.2
• Beta (1Y): 0.53
• Revenue Growth: -1.39%
• EPS Growth: -88.66%
• Country: US
• Employees: 159
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.74
• Shares Outstanding: 5,010,883
• 10 Day Avg. Volume: 6,212
• 30 Day Avg. Volume: 14,479
• PEG Ratio: -0.26
• Price to Book (P/B): 1.00
• Price to Sales (P/S): 1.85
• P/FCF Ratio: 42.72
• Enterprise Value/Market Cap: 0.71
• Enterprise Value/Revenue: 1.89
• Enterprise Value/Gross Profit: 3.26
• Enterprise Value/Ebitda: 25.58
• 1Y Price Target: $40.00
• Price Target Upside: 11.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: $37.00 ▲(2.89% Upside)

The overall stock score of 66.9 reflects a stable financial position with strong cash flow and low leverage, which are the most significant factors. Technical analysis shows a cautiously optimistic trend, while the high P/E ratio raises valuation concerns. The recent board appointment is a positive strategic move, enhancing the company's leadership.

Positive Factors

Cash Flow Growth

Strong cash flow growth supports operational needs and potential investments, indicating efficient cash generation and financial health.

Low Leverage

Low leverage enhances financial stability, providing flexibility for strategic investments and resilience in economic downturns.

Leadership Enhancement

New leadership with a proven track record can drive growth and improve strategic decision-making, benefiting long-term company performance.

Negative Factors

Declining Revenue

Declining revenue growth suggests challenges in market competitiveness and demand, potentially impacting future profitability and market position.

Modest Profitability Margins

Low profitability margins indicate challenges in cost management and operational efficiency, which could hinder long-term financial performance.

Revenue Growth Decline

Sustained revenue decline can weaken market position and investor confidence, necessitating strategic initiatives to reverse the trend.

CB Financial Services Business Overview & Revenue Model

Company Description

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. Its loan products comprise residential real estate loans, such as one- to four-family mortgage loans, home equity installment loans, and home equity lines of credit; commercial real estate loans that are secured primarily by improved properties, such as retail facilities, office buildings, and other non-residential buildings; construction loans to individuals to finance the construction of residential dwellings, as well as for the construction of commercial properties, including hotels, apartment buildings, housing developments, and owner-occupied properties used for businesses; commercial and industrial loans, and lines of credit; consumer loans consisting of indirect auto loans, secured and unsecured loans, and lines of credit; and other loans. In addition, the company conducts insurance agency activities by offering property and casualty, commercial liability, surety, and other insurance products. It operates through its main office and 13 branch offices in Greene, Allegheny, Washington, Fayette, and Westmoreland counties in southwestern Pennsylvania; Marshall and Ohio counties in West Virginia; and Belmont County in Ohio, as well as one loan production offices in Allegheny County. The company was founded in 1901 and is headquartered in Carmichaels, Pennsylvania.

How the Company Makes Money

CBFV generates revenue through multiple streams, including management fees from investment funds, commissions from insurance products, and fees for financial advisory services. The firm charges a percentage of assets under management (AUM) for its investment management services, which is a key revenue driver. Additionally, it earns commission-based income from selling insurance policies and receives advisory fees for customized financial planning services. Significant partnerships with asset management firms and insurance providers enhance its service offerings and can lead to referral bonuses, further contributing to its earnings. The company's focus on building long-term relationships with clients also promotes client retention and recurring revenue.

CB Financial Services Financial Statement Overview

Summary

CB Financial Services demonstrates strong financial health with solid revenue growth and robust cash flow generation. While profitability metrics have slightly declined, the company's conservative leverage and effective cash management provide a stable foundation.

Income Statement

CB Financial Services has shown a solid revenue growth rate of 9.2% in the TTM, indicating positive momentum. The gross profit margin is strong at 62.16%, and the net profit margin is healthy at 14.83%. However, there has been a decline in EBIT and EBITDA margins compared to previous years, suggesting some pressure on operational efficiency.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.23, reflecting conservative leverage. Return on equity is moderate at 7.83%, indicating reasonable profitability. The equity ratio is stable, suggesting a solid capital structure. However, the decline in ROE from previous years could be a concern if it continues.

Cash Flow

Free cash flow has grown significantly by 123.45% in the TTM, showcasing strong cash generation capabilities. The operating cash flow to net income ratio is low, indicating potential inefficiencies in converting income to cash. However, the free cash flow to net income ratio is robust at 88.42%, highlighting effective cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	66.10M	79.20M	60.03M	54.74M	50.06M	54.49M
Gross Profit	38.29M	48.57M	42.86M	46.18M	47.78M	44.92M
EBITDA	4.88M	17.77M	33.02M	16.78M	17.13M	-6.05M
Net Income	2.69M	12.59M	22.55M	11.25M	11.57M	-10.64M
Balance Sheet
Total Assets	1.55B	1.48B	1.46B	1.41B	1.43B	1.42B
Cash, Cash Equivalents and Short-Term Investments	55.89M	309.09M	0.00	291.06M	341.78M	303.81M
Total Debt	34.75M	34.72M	36.46M	22.70M	56.87M	49.05M
Total Liabilities	1.39B	1.33B	1.32B	1.30B	1.29B	1.28B
Stockholders Equity	152.47M	147.38M	139.83M	110.16M	133.12M	134.53M
Cash Flow
Free Cash Flow	13.64M	3.44M	10.94M	13.64M	10.67M	13.76M
Operating Cash Flow	14.37M	6.75M	14.24M	14.15M	13.05M	14.08M
Investing Cash Flow	-76.30M	-36.38M	-54.73M	-28.31M	-60.14M	-36.90M
Financing Cash Flow	-29.50M	10.98M	5.01M	-1.82M	5.85M	103.51M

CB Financial Services Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 35.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBFV, the sentiment is Neutral. The current price of 35.96 is above the 20-day moving average (MA) of 35.64, above the 50-day MA of 33.91, and above the 200-day MA of 30.72, indicating a neutral trend. The MACD of 0.60 indicates Positive momentum. The RSI at 49.76 is Neutral, neither overbought nor oversold. The STOCH value of 37.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CBFV.

CB Financial Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UBFO	78 Outperform	$179.64M	15.58	8.41%	4.66%	-2.00%	-36.25%
PEBK	76 Outperform	$203.42M	12.16	11.73%	2.58%	4.52%	3.47%
MRBK	75 Outperform	$202.48M	9.93	11.39%	2.87%	9.77%	76.75%
HNVR	68 Neutral	$169.17M	15.63	5.60%	1.70%	0.99%	-6.35%
OVBC	68 Neutral	$190.23M	13.43	8.95%	2.27%	10.35%	22.05%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CBFV	67 Neutral	$176.08M	87.17	1.78%	2.90%	-1.39%	-88.66%

CB Financial Services Corporate Events

CB Financial Services Appoints Craig Kauffman to Board

On November 20, 2025, CB Financial Services, Inc. appointed Craig L. Kauffman to its Board of Directors, as well as to the Board of Directors of its subsidiary, Community Bank. Mr. Kauffman, a seasoned financial services executive with extensive experience in banking and wealth management, will also serve on the Audit and Compliance Committees. His appointment is expected to enhance the strategic vision and operational leadership of the company, given his track record of driving growth and delivering results in previous roles.

CB Financial Services Announces Quarterly Dividend

On October 23, 2025, CB Financial Services announced a quarterly cash dividend of $0.26 per share, payable on November 28, 2025, to shareholders of record as of November 14, 2025. The company reported its third-quarter financial results, highlighting a strategic repositioning of its investment securities portfolio to enhance yields, which resulted in a $9.3 million after-tax loss but is expected to improve net interest margin and earnings per share. The bank’s total assets increased to $1.55 billion, driven by strong loan production and a focus on optimizing its balance sheet and deposit mix.