CB Financial Services, Inc. (NASDAQ:CBFV) Sees Significant Growth in Short Interest

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. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,900 shares, the days-to-cover ratio is presently 9.7 days.

Analysts Set New Price Targets

Several brokerages have commented on CBFV. DA Davidson upped 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 began coverage on shares of CB Financial Services in a research report on Thursday, December 26th. They issued a “hold” rating for the company.

Insider Activity at CB Financial Services

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CBFV. Janney Montgomery Scott LLC lifted its holdings in CB Financial Services by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after purchasing an additional 8,143 shares during the last quarter. Empowered Funds LLC raised its position in shares of CB Financial Services by 5.2% in the third quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock valued at $911,000 after purchasing an additional 1,608 shares during the period. De Lisle Partners LLP lifted its stake in shares of CB Financial Services by 9.1% during the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after buying an additional 2,429 shares during the last quarter. Fourthstone LLC acquired a new stake in shares of CB Financial Services during the 3rd quarter worth about $373,000. Finally, Barclays PLC boosted its holdings in shares of CB Financial Services by 12.7% during the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after buying an additional 943 shares during the period. 33.06% of the stock is currently owned by institutional investors.

CB Financial Services Stock Down 0.4 %

Shares of NASDAQ CBFV traded down $0.13 during midday trading on Monday, reaching $30.62. The company’s stock had a trading volume of 10,546 shares, 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 current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $29.44 and a 200-day simple moving average of $28.45. The stock has a market capitalization of $156.77 million, a price-to-earnings ratio of 12.81 and a beta of 0.60.

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

CB Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.27%. CB Financial Services’s dividend payout ratio is 41.84%.

About CB Financial Services

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.