CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Update

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 76,500 shares, a growth of 12.2% from the January 15th total of 68,200 shares. Based on an average daily trading volume, of 7,900 shares, the short-interest ratio is currently 9.7 days. Currently, 1.6% of the shares of the company are short sold.

Insider Activity

In other CB Financial Services news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $32.63, for a total value of $111,431.45. Following the sale, the insider now owns 15,194 shares of the company’s stock, valued at $495,780.22. The trade was a 18.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Mark E. Fox sold 3,538 shares of CB Financial Services stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $31.50, for a total transaction of $111,447.00. Following the sale, the chairman now owns 11,414 shares in the company, valued at approximately $359,541. This trade represents a 23.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,703 shares of company stock valued at $247,995. Insiders own 9.40% of the company’s stock.

Hedge Funds Weigh In On CB Financial Services

Several institutional investors and hedge funds have recently modified their holdings of CBFV. Bank of America Corp DE lifted its stake in CB Financial Services by 1,093.4% in the fourth quarter. Bank of America Corp DE now owns 3,807 shares of the bank’s stock valued at $109,000 after buying an additional 3,488 shares in the last quarter. Barclays PLC lifted its position in CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after acquiring an additional 943 shares in the last quarter. Fiduciary Trust Co acquired a new position in CB Financial Services in the 4th quarter worth $266,000. Millennium Management LLC bought a new position in CB Financial Services during the 4th quarter worth about $301,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of CB Financial Services in the 4th quarter valued at about $323,000. 33.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CBFV shares. DA Davidson lifted their target price on shares of CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com initiated coverage on CB Financial Services in a report on Thursday, December 26th. They set a “hold” rating for the company.

CB Financial Services Trading Down 0.4 %

NASDAQ CBFV traded down $0.13 during trading on Monday, reaching $30.62. 10,546 shares of the stock traded hands, compared to its average volume of 6,004. CB Financial Services has a fifty-two week low of $20.75 and a fifty-two week high of $33.72. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. The firm has a market cap of $156.77 million, a price-to-earnings ratio of 12.81 and a beta of 0.60. The stock’s 50-day moving average price is $29.44 and its 200 day moving average price is $28.45.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.12). CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. Analysts predict that CB Financial Services will post 1.82 EPS for the current year.

CB Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, February 14th. CB Financial Services’s dividend payout ratio is currently 41.84%.

CB Financial Services Company Profile

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.