CB Financial Services (CBFV) AI Stock Analysis

• Market Cap: $169.31M
• Dividend Yield: 2.97%
• Average Volume (3M): 15.01K
• Price to Earnings (P/E): 15.8
• Beta (1Y): 0.51
• Revenue Growth: 20.82%
• EPS Growth: -48.08%
• Country: US
• Employees: 159
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.74
• Shares Outstanding: 4,985,558
• 10 Day Avg. Volume: 29,999
• 30 Day Avg. Volume: 15,009
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.74
• Enterprise Value/Revenue: 1.60
• Enterprise Value/Gross Profit: 2.64
• Enterprise Value/Ebitda: 8.49
• 1Y Price Target: $36.33
• Price Target Upside: 6.98% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 80 Outperform
• Price Target: $38.00 ▲(11.90% Upside)

CB Financial Services is well-positioned with strong financial performance, robust technical indicators, and strategic corporate actions enhancing future earnings. The valuation is reasonable, and the dividend yield adds to its attractiveness.

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

CB Financial Services generates revenue through multiple channels: primarily by charging management fees for asset management services, which are based on the total assets under management (AUM). Additionally, the company earns commission income from the sale of insurance products and financial products, such as mutual funds and annuities. Financial planning services may also involve flat fees or hourly rates, contributing to overall earnings. CBFV may engage in strategic partnerships with banks and insurance providers, enhancing its product offerings and creating additional income streams through referral fees or shared commissions. Overall, the company’s diverse revenue model allows it to adapt to changing market conditions while catering to a broad clientele.

CB Financial Services Financial Statement Overview

Summary

CB Financial Services shows strong revenue growth and profitability metrics. The balance sheet is robust with a stable capital structure and minimal leverage risk. However, cash flow management needs attention, particularly in generating and sustaining free cash flow.

Income Statement

CB Financial Services has demonstrated a strong financial performance with consistent revenue growth and solid profitability. The gross profit margin and net profit margin remain healthy, indicating efficient cost management. However, there is a notable decline in EBIT and EBITDA margins in the TTM period, suggesting a potential increase in operational costs or reduced pricing power.

Balance Sheet

The company's balance sheet is robust, characterized by a strong equity position and a conservative debt-to-equity ratio. The return on equity is impressive, highlighting effective use of shareholder funds. The equity ratio is stable, reflecting a solid capital structure with minimal leverage risks.

Cash Flow

Cash flow performance is moderate, with stable operating cash flow generation, yet there are fluctuations in free cash flow. The operating cash flow to net income ratio suggests effective conversion of earnings into cash, though the growth in free cash flow is lacking, indicating potential challenges in capital expenditure management or investment returns.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	79.20M	60.03M	54.74M	50.06M	54.49M
Gross Profit	48.57M	42.86M	46.18M	47.78M	44.92M
EBITDA	17.77M	33.02M	16.78M	17.13M	-6.05M
Net Income	12.59M	22.55M	11.25M	11.57M	-10.64M
Balance Sheet
Total Assets	1.48B	1.46B	1.41B	1.43B	1.42B
Cash, Cash Equivalents and Short-Term Investments	309.09M	272.73M	291.06M	341.78M	303.81M
Total Debt	34.72M	34.68M	22.70M	56.87M	49.05M
Total Liabilities	1.33B	1.32B	1.30B	1.29B	1.28B
Stockholders Equity	147.38M	139.83M	110.16M	133.12M	134.53M
Cash Flow
Free Cash Flow	3.44M	10.94M	13.64M	10.67M	13.76M
Operating Cash Flow	6.75M	14.24M	14.15M	13.05M	14.08M
Investing Cash Flow	-36.38M	-54.73M	-28.31M	-60.14M	-36.90M
Financing Cash Flow	10.98M	5.01M	-1.82M	5.85M	103.51M

CB Financial Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 33.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBFV, the sentiment is Positive. The current price of 33.96 is above the 20-day moving average (MA) of 33.38, above the 50-day MA of 32.25, and above the 200-day MA of 29.30, indicating a bullish trend. The MACD of 0.53 indicates Positive momentum. The RSI at 66.64 is Neutral, neither overbought nor oversold. The STOCH value of 95.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CBFV.

CB Financial Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CBFV	80 Outperform	$169.31M	15.81	7.97%	2.97%	20.82%	-48.08%
PEBK	79 Outperform	$170.23M	10.02	11.82%	3.05%	6.08%	4.61%
OVBC	72 Outperform	$178.97M	12.92	7.32%	2.37%	14.16%	24.72%
FCAP	68 Neutral	$154.20M	11.69	―	2.57%	12.43%	9.45%
BFIN	67 Neutral	$152.77M	78.29	1.25%	3.26%	-2.35%	-76.38%
HNVR	66 Neutral	$166.31M	15.22	―	1.74%	8.34%	-2.33%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

CB Financial Services Corporate Events

CB Financial Services Announces Stock Repurchase Program

On September 4, 2025, CB Financial Services, Inc. announced a stock repurchase program to buy back up to $5 million of its outstanding common stock, representing approximately 3.1% of its shares. The program, which will terminate on September 30, 2026, allows for repurchases in the open market or through private transactions, and can be adjusted based on various market conditions and other factors.

CB Financial Services Executes Balance Sheet Repositioning

On September 2, 2025, CB Financial Services, Inc. announced the execution of a balance sheet repositioning strategy involving its available-for-sale investment securities portfolio. The company sold $129.6 million in lower-yielding securities, incurring an after-tax realized loss of $9.3 million, and plans to purchase $117.8 million in higher-yielding securities. This strategic move is expected to enhance future earnings, adding approximately 20 basis points to the net interest margin and $0.41 to annual earnings per share. The repositioning is projected to be accretive to earnings, net interest margin, and return on assets, while maintaining well-capitalized regulatory capital levels.

CB Financial Services Announces Cash Dividend and Q2 Results

On July 22, 2025, CB Financial Services announced a cash dividend of $0.26 per share, payable on August 29, 2025, and reported its second quarter financial results. The company achieved a net income of $3.95 million for the quarter, with a notable improvement in net interest margin to 3.54% due to strategic balance sheet repositioning and a favorable deposit mix. Noninterest expenses decreased, and asset quality remained strong, positioning the company for future growth.

CB Financial Services Completes Stock Repurchase Program

On June 18, 2025, CB Financial Services, Inc. announced the completion of its stock repurchase program, which involved buying back 5% of its outstanding common stock. The program, which began on July 26, 2024, concluded on June 13, 2025, with the company purchasing 257,145 shares at an average price of $28.70 per share.