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

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a large growth in short interest in 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. Approximately 1.6% of the shares of the company are sold short. Based on an average daily volume of 7,900 shares, the days-to-cover ratio is currently 9.7 days.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CBFV. DA Davidson increased their price objective on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com started coverage on shares of CB Financial Services in a report on Thursday, December 26th. They set a “hold” rating for the company.

CB Financial Services Price Performance

Shares of CBFV traded down $0.13 during midday trading on Monday, hitting $30.62. The company’s stock had a trading volume of 10,546 shares, compared to its average volume of 6,004. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. 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 $156.77 million, a price-to-earnings ratio of 12.81 and a beta of 0.60. The company’s fifty day simple moving average is $29.44 and its two-hundred day simple moving average is $28.45.

CB Financial Services (NASDAQ:CBFV) last released its earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share (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%. As a group, equities analysts expect that CB Financial Services will post 1.82 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

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

Insiders Place Their Bets

In related news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $32.63, for a total transaction of $111,431.45. Following the sale, the insider now owns 15,194 shares of the company’s stock, valued at $495,780.22. This represents a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Mark E. Fox sold 3,538 shares of CB Financial Services stock in a transaction 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 $359,541. This represents a 23.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,703 shares of company stock worth $247,995 in the last quarter. 9.40% of the stock is currently owned by corporate insiders.

Institutional Trading of CB Financial Services

A number of hedge funds have recently added to or reduced their stakes in CBFV. Bank of America Corp DE lifted its stake in shares of CB Financial Services by 1,093.4% in the 4th quarter. Bank of America Corp DE now owns 3,807 shares of the bank’s stock valued at $109,000 after acquiring an additional 3,488 shares during the last quarter. Barclays PLC raised its position in CB Financial Services by 12.7% in the third quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after purchasing an additional 943 shares during the last quarter. Fiduciary Trust Co acquired a new stake in shares of CB Financial Services during the fourth quarter valued at about $266,000. Millennium Management LLC bought a new stake in shares of CB Financial Services during the fourth quarter worth about $301,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of CB Financial Services during the fourth quarter worth about $323,000. Institutional investors and hedge funds own 33.06% of the company’s stock.

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.