NasdaqGM:CBFV

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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. More Details


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


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

Stable Share Price: CBFV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CBFV's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

8.7%

CBFV

0.07%

US Banks

-0.7%

US Market


1 Year Return

-25.0%

CBFV

22.7%

US Banks

36.6%

US Market

Return vs Industry: CBFV underperformed the US Banks industry which returned 22.7% over the past year.

Return vs Market: CBFV underperformed the US Market which returned 36.6% over the past year.


Shareholder returns

CBFVIndustryMarket
7 Day8.7%0.07%-0.7%
30 Day17.7%18.7%4.3%
90 Day-5.4%24.5%8.1%
1 Year-20.9%-25.0%27.2%22.7%39.6%36.6%
3 Year-17.9%-27.3%12.7%3.1%53.5%43.7%
5 Year26.4%5.4%101.4%75.9%123.7%98.8%

Long-Term 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

Valuation

Is CB Financial Services undervalued compared to its fair value and its price relative to the market?

0.86x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CBFV ($21.19) is trading above our estimate of fair value ($16.07)

Significantly Below Fair Value: CBFV is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CBFV is unprofitable, so we can't compare its PE Ratio to the US Banks industry average.

PE vs Market: CBFV is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CBFV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CBFV is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1x).


Next Steps

Future Growth

How is CB Financial Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

106.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CBFV is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: CBFV is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CBFV's is expected to become profitable in the next 3 years.

Revenue vs Market: CBFV's revenue (4.6% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: CBFV's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CBFV's Return on Equity is forecast to be low in 3 years time (6.3%).


Next Steps

Past Performance

How has CB Financial Services performed over the past 5 years?

-11.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CBFV is currently unprofitable.

Growing Profit Margin: CBFV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CBFV is unprofitable, and losses have increased over the past 5 years at a rate of 11.7% per year.

Accelerating Growth: Unable to compare CBFV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CBFV is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (0.6%).


Return on Equity

High ROE: CBFV has a negative Return on Equity (-7.91%), as it is currently unprofitable.


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


Financial Institutions Analysis

Asset Level: CBFV's Assets to Equity ratio (10.5x) is moderate.

Allowance for Bad Loans: CBFV has a low allowance for bad loans (88%).

Low Risk Liabilities: 96% of CBFV's liabilities are made up of primarily low risk sources of funding.

Loan Level: CBFV has an appropriate level of Loans to Assets ratio (73%).

Low Risk Deposits: CBFV's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: CBFV has an appropriate level of bad loans (1.4%).


Next Steps

Dividend

What is CB Financial Services's current dividend yield, its reliability and sustainability?

4.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CBFV's dividend (4.53%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: CBFV's dividend (4.53%) is in the top 25% of dividend payers in the US market (3.72%)


Stability and Growth of Payments

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 7 years.


Current Payout to Shareholders

Dividend Coverage: CBFV is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: CBFV's dividends in 3 years are forecast to be covered by earnings (62.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

John Montgomery (58 yo)

0.58

Tenure

Mr. John H. Montgomery has been President, Chief Executive Officer and Director of CB Financial Services, Inc. and Community Bank since August 31, 2020. He has been Chief Credit Officer and Executive Vice ...


Leadership Team

NamePositionTenureCompensationOwnership
Richard Boyer
Senior VP of Insurance Operations & Director6.42yrsUS$461.66k0.35%
$ 405.8k
John Montgomery
President0.58yrno data0.18%
$ 203.4k
Jamie Prah
CFO & Executive VP1.83yrsno data0.25%
$ 290.4k
Barron McCune
Executive Consultant & Director Emeritus2.17yrsUS$404.57k1.14%
$ 1.3m
Elizabeth Calvario
Corporate Secretaryno datano datano data

1.2yrs

Average Tenure

60yo

Average Age

Experienced Management: CBFV's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Richard Boyer
Senior VP of Insurance Operations & Director6.42yrsUS$461.66k0.35%
$ 405.8k
John Montgomery
President0.58yrno data0.18%
$ 203.4k
Barron McCune
Executive Consultant & Director Emeritus2.17yrsUS$404.57k1.14%
$ 1.3m
Karl Baily
Independent Director25.17yrsUS$64.96k0.37%
$ 431.5k
John LaCarte
Independent Director6.42yrsUS$68.56k2.23%
$ 2.6m
John Swiatek
Independent Director6.42yrsUS$64.96k0.25%
$ 293.0k
Ralph Burchianti
Senior Executive VP2.17yrsUS$366.57k1.22%
$ 1.4m
William Groves
Independent Director25.17yrsUS$75.76k0.33%
$ 385.6k
David Pollock
Independent Director14.67yrsUS$68.56k0.72%
$ 827.1k
Joseph Headlee
Independent Director19.17yrsUS$64.96k0.46%
$ 530.2k
Charles Guthrie
Independent Vice Chairman1.83yrsUS$78.56k0.28%
$ 324.2k
Mark Fox
Independent Chairman of the Board1.83yrsUS$84.96k0.26%
$ 304.1k

6.4yrs

Average Tenure

63.5yo

Average Age

Experienced Board: CBFV's board of directors are considered experienced (6.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CBFV insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$115.154m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CBFVNasdaqGM (Nasdaq Global Market)YesCommon SharesUSUSDAug 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 00:08
End of Day Share Price2021/03/02 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.