Short Interest in CB Financial Services, Inc. (NASDAQ:CBFV) Decreases By 82.3%

CB Financial Services, Inc. (NASDAQ:CBFV) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 8,800 shares, a decrease of 82.3% from the February 28th total of 49,700 shares. Based on an average daily volume of 13,600 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On CB Financial Services

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of CB Financial Services by 1,093.4% during 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 during the period. Barclays PLC lifted its stake 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 purchasing an additional 943 shares during the period. Fiduciary Trust Co purchased a new position in shares of CB Financial Services during the 4th quarter worth $266,000. Millennium Management LLC acquired a new stake in shares of CB Financial Services during the fourth quarter worth $301,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of CB Financial Services in the fourth quarter valued at $323,000. 33.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

CB Financial Services Trading Up 0.8 %

Shares of CB Financial Services stock opened at $29.30 on Friday. CB Financial Services has a 1 year low of $20.75 and a 1 year 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. The business has a 50 day moving average price of $28.96 and a 200 day moving average price of $29.00. The company has a market capitalization of $150.05 million, a P/E ratio of 12.26 and a beta of 0.64.

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

CB Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.25 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.41%. CB Financial Services’s dividend payout ratio (DPR) 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.