CB Financial Services initiated with neutral view at Janney Montgomery Scott, here’s why

As previously reported, Janney Montgomery Scott analyst Daniel Cardenas initiated coverage of CB Financial Services with a Neutral rating and $25 fair value estimate. While CB Financial has built a record of good profitability metrics, better-than-peer credit quality, and sound loan growth, and an attractive franchise “among a shrinking pool of viable candidates underscores the company’s scarcity value,” the firm does not view CB as a near-term seller and thinks the bank will remain focused on generating profitable growth, the analyst tells investors.