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

CB Financial Services, Inc. (NASDAQ:CBFV) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 49,700 shares, an increase of 76.9% from the February 13th total of 28,100 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is presently 4.2 days.

CB Financial Services Stock Up 0.4 %

CB Financial Services stock traded up $0.12 during midday trading on Friday, hitting $27.70. 5,926 shares of the company were exchanged, compared to its average volume of 6,591. The company has a market cap of $141.93 million, a PE ratio of 11.59 and a beta of 0.64. The company’s fifty day moving average price is $28.80 and its 200-day moving average price is $28.90. 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 debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87.

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

CB Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.61%. CB Financial Services’s dividend payout ratio (DPR) is 41.84%.

Insider Buying and Selling at CB Financial Services

In related news, Chairman Mark E. Fox sold 3,538 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $31.50, for a total value of $111,447.00. Following the sale, the chairman now directly owns 11,414 shares of the company’s stock, valued at approximately $359,541. This represents a 23.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CB Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC acquired a new stake in shares of CB Financial Services during the 4th quarter worth approximately $301,000. Fiduciary Trust Co acquired a new position in CB Financial Services during the 4th quarter valued at about $266,000. Bank of America Corp DE increased its stake in shares of 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 purchasing an additional 3,488 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of CB Financial Services during the fourth quarter worth approximately $323,000. Finally, 683 Capital Management LLC bought a new position in CB Financial Services in the 4th quarter worth approximately $344,000. Institutional investors and hedge funds own 33.06% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on CB Financial Services in a research report on Thursday, December 26th. They set a “hold” rating for the company.

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.