Short Interest in CB Financial Services, Inc. (NASDAQ:CBFV) Decreases By 63.3%

CB Financial Services, Inc. (NASDAQ:CBFV) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 28,100 shares, a decrease of 63.3% from the January 31st total of 76,500 shares. Based on an average trading volume of 9,200 shares, the days-to-cover ratio is presently 3.1 days. Currently, 0.6% of the shares of the company are sold short.

Insider Transactions at CB Financial Services

In related news, Chairman Mark E. Fox sold 3,538 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $31.50, for a total value of $111,447.00. Following the completion of the transaction, the chairman now directly owns 11,414 shares of the company’s stock, valued at approximately $359,541. This trade represents a 23.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the stock in a transaction on Friday, December 6th. The stock was 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 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. In the last 90 days, insiders sold 7,703 shares of company stock worth $247,995. 9.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On CB Financial Services

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

CB Financial Services Trading Up 1.4 %

CBFV stock traded up $0.39 during mid-day trading on Friday, reaching $28.19. 4,798 shares of the stock traded hands, compared to its average volume of 10,930. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. The business has a 50-day moving average price of $29.01 and a two-hundred day moving average price of $28.69. CB Financial Services has a one year low of $20.75 and a one year high of $33.72. The stock has a market capitalization of $144.42 million, a PE ratio of 11.79 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 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%. Equities research analysts expect that CB Financial Services will post 1.82 EPS for the current year.

CB Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.55%. CB Financial Services’s dividend payout ratio (DPR) is 41.84%.

Wall Street Analysts Forecast Growth

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

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.