CB Financial Q2 results top estimates on strong organic deposit growth

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
• The average consensus recommendation for the banks peer group is "buy"
• Wall Street's median 12-month price target for CB Financial Services Inc is $40.00, about 11.4% above its July 24 closing price of $35.90
• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

• US regional bank's Q2 adjusted EPS beat analyst expectations
• Pretax profit for Q2 exceeded analyst expectations
• Net interest and dividend income rose 15.9% yr/yr, but net interest margin declined sequentially

CB Financial Services reported second-quarter adjusted earnings per share of $0.81, ahead of the $0.72 consensus estimate. Adjusted net income was $4.32 million, above the $4 million estimate, while pretax profit came in at $5.10 million versus $4.70 million expected.

CB Financial Services did not provide specific quantitative guidance for future quarters or the full year.