CB Financial Services
Market Cap
US$144.7m
Last Updated
2019/10/15 23:48 UTC
Data Sources
Company Financials +
Executive Summary
CB Financial Services, Inc. operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses southwestern Pennsylvania, West Virginia, and Ohio.
Snowflake
Fundamentals
Excellent balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has CB Financial Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.6%
CBFV
5.8%
US Banks
3.4%
US Market
1 Year Return
-7.2%
CBFV
1.0%
US Banks
5.4%
US Market
Return vs Industry: CBFV underperformed the US Banks industry which returned 1% over the past year.
Return vs Market: CBFV underperformed the US Market which returned 5.4% over the past year.
Shareholder returns
| CBFV | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | 5.8% | 3.4% |
| 30 Day | 4.9% | -0.6% | -1.0% |
| 90 Day | 6.1% | 3.1% | -0.4% |
| 1 Year | -3.6%-7.2% | 3.9%1.0% | 7.7%5.4% |
| 3 Year | 26.3%14.3% | 53.5%42.9% | 46.2%36.8% |
| 5 Year | 66.0%38.4% | 69.8%51.3% | 65.6%47.5% |
Price Volatility Vs. Market
How volatile is CB Financial Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Here's Why We Think CB Financial Services (NASDAQ:CBFV) Is Well Worth Watching4 weeks ago | Simply Wall St
The CB Financial Services (NASDAQ:CBFV) Share Price Has Gained 32% And Shareholders Are Hoping For More1 month ago | Simply Wall St
Here's What We Like About CB Financial Services, Inc. (NASDAQ:CBFV)'s Upcoming DividendValuation
Is CB Financial Services undervalued compared to its fair value and its price relative to the market?
13.59x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: CBFV ($26.63) is trading above our estimate of fair value ($23.1)
Significantly Undervalued: CBFV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CBFV is poor value based on its PE Ratio (13.6x) compared to the Banks industry average (12.6x).
PE vs Market: CBFV is good value based on its PE Ratio (13.6x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: CBFV is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: CBFV is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is CB Financial Services forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
6.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CBFV's forecast earnings growth (6.7% per year) is above the savings rate (2.7%).
Earnings vs Market: CBFV's earnings (6.7% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: CBFV's earnings are forecast to grow, but not significantly.
Revenue vs Market: CBFV's revenue (6.8% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: CBFV's revenue (6.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: CBFV's Return on Equity is forecast to be low in 3 years time (8.1%).
Next Steps
Past Performance
How has CB Financial Services performed over the past 5 years?
8.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CBFV's earnings have grown by 8.1% per year over the past 5 years.
Accelerating Growth: CBFV's earnings growth over the past year (84.2%) exceeds its 5-year average (8.1% per year).
Earnings vs Industry: CBFV earnings growth over the past year (84.2%) exceeded the Banks industry 31.8%.
Return on Equity
High ROE: CBFV's Return on Equity (7.3%) is considered low.
Return on Assets
ROA vs Industry: CBFV's Return on Assets is below or equal to the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate CBFV's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is CB Financial Services's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: CBFV has a low level of unsold assets or inventory.
Debt Coverage by Assets: CBFV's debt is covered by short term assets (assets are 1.083940x debt).
Financial Institutions Analysis
Asset Level: CBFV's level of assets compared to its equity is low.
Allowance for Bad Loans: CBFV has a low allowance for bad loans.
Low Risk Liabilities: CBFV's liabilities are made up of primarily low risk sources of funding.
Loan Level: CBFV has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CBFV's loans are broadly funded by customer deposits.
Level of Bad Loans: CBFV has an appropriate level of bad loans (1.06%)
Next Steps
Dividend
What is CB Financial Services's current dividend yield, its reliability and sustainability?
3.60%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: CBFV's dividend (3.6%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: CBFV's dividend (3.6%) is low compared to the top 25% of dividend payers in the US market (3.77%).
Stable Dividend: Whilst dividend payments have been stable, CBFV has been paying a dividend for less than 10 years.
Growing Dividend: CBFV's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.5%), CBFV's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CBFV's dividends in 3 years are forecast to be well covered by earnings (47% payout ratio).
Next Steps
Management
What is the CEO of CB Financial Services's salary, the management and board of directors tenure and is there insider trading?
0.9yrs
Average management tenure
CEO
Pat O'Brien (58yo)
1.3yrs
Tenure
US$486,631
Compensation
Mr. Patrick G. O'Brien has been the President and Chief Executive Officer of CB Financial Services, Inc. since May 17, 2017 and June 20, 2018. Mr. O'Brien has been the President of Community Bank since May ...
CEO Compensation Analysis
Compensation vs. Market: Pat has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Pat's compensation has increased by more than 20% in the past year.
Management Age and Tenure
0.9yrs
Average Tenure
59.5yo
Average Age
Experienced Management: CBFV's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Age and Tenure
5.0yrs
Average Tenure
61.5yo
Average Age
Experienced Board: CBFV's board of directors are considered experienced (5 years average tenure).
Insider Trading
Insider Buying: CBFV insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 465 |
| Max Price | US$26.29 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 35 |
| Max Price | US$25.75 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 100 |
| Max Price | US$25.50 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,900 |
| Max Price | US$25.00 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$23.60 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$23.60 |
| Entity | Individual |
| Shares | 425 |
| Max Price | US$24.75 |
| Entity | Individual |
| Role | Vice Chairman Independent Vice Chairman |
| Shares | 150 |
| Max Price | US$23.60 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,000 |
| Max Price | US$25.00 |
| Entity | Individual |
| Shares | 4,000 |
| Max Price | US$26.13 |
| Entity | Individual |
| Role | Member of the Board of Directors Executive VP |
| Shares | 2,500 |
| Max Price | US$26.49 |
| Entity | Individual |
| Shares | 95 |
| Max Price | US$24.56 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$24.52 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,250 |
| Max Price | US$25.25 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 700 |
| Max Price | US$26.25 |
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman of the Board |
| Shares | 295 |
| Max Price | US$26.15 |
| Entity | Individual |
| Shares | 750 |
| Max Price | US$25.95 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$28.00 |
| Entity | Individual |
| Shares | 1,100 |
| Max Price | US$27.85 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 750 |
| Max Price | US$27.92 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,250 |
| Max Price | US$28.00 |
Ownership Breakdown
Management Team
Rich Boyer (61yo)
Senior VP of Insurance Operations & Director
- Tenure: 5yrs
- Compensation: US$396.45k
Kevin Lemley (64yo)
Consultant
- Tenure: 0.3yrs
- Compensation: US$184.52k
Pat O'Brien (58yo)
President
- Tenure: 1.3yrs
- Compensation: US$486.63k
Jamie Prah (49yo)
CFO & Executive VP
- Tenure: 0.4yrs
Deborah Sabocheck
Corporate Secretary
- Tenure: 0yrs
Board Members
Rich Boyer (61yo)
Senior VP of Insurance Operations & Director
- Tenure: 5yrs
- Compensation: US$396.45k
Karl Baily (67yo)
Independent Director
- Tenure: 23.8yrs
- Compensation: US$51.16k
John LaCarte (53yo)
Independent Director
- Tenure: 5yrs
- Compensation: US$52.96k
Pat O'Brien (58yo)
President
- Tenure: 1.3yrs
- Compensation: US$486.63k
John Swiatek (62yo)
Independent Director
- Tenure: 5yrs
- Compensation: US$51.16k
Ralph Burchianti (63yo)
Executive VP
- Tenure: 0.8yrs
- Compensation: US$308.38k
William Groves (77yo)
Independent Director
- Tenure: 23.8yrs
- Compensation: US$61.06k
Joseph Headlee (69yo)
Independent Director
- Tenure: 17.8yrs
- Compensation: US$51.16k
Randy Guthrie (59yo)
Independent Vice Chairman
- Tenure: 0.4yrs
- Compensation: US$56.26k
Mark Fox (60yo)
Independent Chairman of the Board
- Tenure: 0.4yrs
- Compensation: US$65.56k
Company Information
CB Financial Services, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: CB Financial Services, Inc.
- Ticker: CBFV
- Exchange: NasdaqGM
- Founded: 1901
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$144.713m
- Shares outstanding: 5.43m
- Website: https://www.communitybank.tv
Number of Employees
Location
- CB Financial Services, Inc.
- 100 North Market Street
- Carmichaels
- Pennsylvania
- 15320
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CBFV | NasdaqGM (Nasdaq Global Market) | Yes | Common Shares | US | USD | Aug 1995 |
Biography
CB Financial Services, Inc. operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses southwestern Pennsylvania, West Virgin ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/15 23:48 |
| End of Day Share Price | 2019/10/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.