| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
CBFV Stock Overview
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.
CB Financial Services Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$24.41 |
| 52 Week High | US$25.72 |
| 52 Week Low | US$17.76 |
| Beta | 0.77 |
| 1 Month Change | 1.50% |
| 3 Month Change | 0.78% |
| 1 Year Change | 23.16% |
| 3 Year Change | 0.45% |
| 5 Year Change | -7.89% |
| Change since IPO | 225.47% |
Recent News & Updates
Shareholder Returns
| CBFV | US Banks | US Market | |
|---|---|---|---|
| 7D | 0.2% | -0.5% | -0.5% |
| 1Y | 23.2% | 32.9% | 13.7% |
Return vs Industry: CBFV underperformed the US Banks industry which returned 32.9% over the past year.
Return vs Market: CBFV exceeded the US Market which returned 13.7% over the past year.
Price Volatility
| CBFV volatility | |
|---|---|
| CBFV Average Weekly Movement | 1.4% |
| Banks Industry Average Movement | 3.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: CBFV is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: CBFV's weekly volatility (1%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1901 | 257 | John Montgomery | https://www.communitybank.tv |
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.
CB Financial Services Fundamentals Summary
| CBFV fundamental statistics | |
|---|---|
| Market Cap | US$129.29m |
| Earnings (TTM) | US$7.68m |
| Revenue (TTM) | US$52.09m |
16.8x
P/E Ratio1.0x
P/B RatioIs CBFV overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CBFV income statement (TTM) | |
|---|---|
| Revenue | US$52.09m |
| Cost of Revenue | US$0 |
| Gross Profit | US$52.09m |
| Expenses | US$44.41m |
| Earnings | US$7.68m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.45 |
| Gross Margin | 100.00% |
| Net Profit Margin | 14.75% |
| Debt/Equity Ratio | 37.1% |
How did CBFV perform over the long term?
See historical performance and comparisonDividends
3.9%
Current Dividend Yield68%
Payout RatioValuation
Is CB Financial Services undervalued compared to its fair value and its price relative to the market?
16.83x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CBFV ($24.41) is trading above our estimate of fair value ($17.12)
Significantly Below Fair Value: 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 (16.8x) compared to the US Banks industry average (11.3x).
PE vs Market: CBFV is good value based on its PE Ratio (16.8x) compared to the US market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: CBFV is poor value based on its PEG Ratio (24x)
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).
Future Growth
How is CB Financial Services forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
0.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CBFV's forecast earnings growth (0.7% per year) is below the savings rate (2%).
Earnings vs Market: CBFV's earnings (0.7% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: CBFV's earnings are forecast to grow, but not significantly.
Revenue vs Market: CBFV's revenue is expected to decline over the next 3 years (-1.2% per year).
High Growth Revenue: CBFV's revenue is forecast to decline over the next 3 years (-1.2% 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 (6.7%).
Past Performance
How has CB Financial Services performed over the past 5 years?
-25.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CBFV has a large one-off loss of $4.5M impacting its September 30 2021 financial results.
Growing Profit Margin: CBFV became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CBFV's earnings have declined by 25.2% per year over the past 5 years.
Accelerating Growth: CBFV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CBFV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (43.7%).
Return on Equity
High ROE: CBFV's Return on Equity (5.9%) is considered low.
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 (11.3x) is moderate.
Allowance for Bad Loans: CBFV has a sufficient allowance for bad loans (106%).
Low Risk Liabilities: 88% 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 (67%).
Low Risk Deposits: CBFV's Loans to Deposits ratio (84%) is appropriate.
Level of Bad Loans: CBFV has an appropriate level of bad loans (1.1%).
Dividend
What is CB Financial Services's current dividend yield, its reliability and sustainability?
3.93%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CBFV's dividend (3.93%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: CBFV's dividend (3.93%) is in the top 25% of dividend payers in the US market (3.44%)
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 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (67.6%), CBFV's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CBFV's dividends in 3 years are forecast to be well covered by earnings (48.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
John Montgomery (59 yo)
1.42yrs
Tenure
US$1,132,129
Compensation
Mr. John H. Montgomery has been President, Chief Executive Officer and Director of CB Financial Services, Inc. and Community Bank since August 31, 2020. He had been Chief Credit Officer and Executive Vice...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD1.13M) is above average for companies of similar size in the US market ($USD578.13K).
Compensation vs Earnings: Insufficient data to compare John's compensation with company performance.
Leadership Team
Experienced Management: CBFV's management team is considered experienced (2.7 years average tenure).
Board Members
Experienced Board: CBFV's board of directors are considered experienced (7.3 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 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
- Implied Market Cap: US$129.289m
- Shares outstanding: 5.30m
- Website: https://www.communitybank.tv
Number of Employees
Location
- CB Financial Services, Inc.
- 100 North Market Street
- Carmichaels
- Pennsylvania
- 15320
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:05 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.