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

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 4,500 shares, an increase of 40.6% from the November 30th total of 3,200 shares. Based on an average trading volume of 5,200 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s shares are short sold.

CB Financial Services Stock Down 0.7 %

Shares of CB Financial Services stock traded down $0.21 during midday trading on Monday, hitting $28.46. The company had a trading volume of 10,118 shares, compared to its average volume of 4,487. The company has a 50 day moving average of $29.98 and a 200 day moving average of $26.94. The stock has a market capitalization of $145.83 million, a P/E ratio of 6.40 and a beta of 0.58. CB Financial Services has a 52-week low of $20.75 and a 52-week high of $33.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87.

CB Financial Services (NASDAQ:CBFV) last released its earnings results on Friday, October 25th. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. On average, equities analysts predict that CB Financial Services will post 2.18 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. CB Financial Services’s dividend payout ratio is currently 22.47%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CBFV. DA Davidson raised their price objective on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. StockNews.com assumed coverage on CB Financial Services in a research report on Thursday. They set a “hold” rating on the stock.

Insiders Place Their Bets

In other CB Financial Services 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 value of $111,431.45. Following the completion of the sale, the insider now owns 15,194 shares in the company, valued at approximately $495,780.22. This trade represents a 18.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark E. Fox sold 3,538 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $31.50, for a total value of $111,447.00. Following the completion of the sale, the chairman now directly owns 11,414 shares of the company’s stock, valued at $359,541. The trade was a 23.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,703 shares of company stock valued at $247,995 in the last quarter. Insiders own 9.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC bought a new stake in shares of CB Financial Services during the second quarter valued at approximately $393,000. Acadian Asset Management LLC increased its holdings in shares of CB Financial Services by 115.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after purchasing an additional 1,119 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of CB Financial Services by 2.3% in the 3rd 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 in the last quarter. Empowered Funds LLC raised its stake 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 worth $911,000 after purchasing an additional 1,608 shares during the last quarter. Finally, De Lisle Partners LLP lifted its holdings in shares of CB Financial Services by 9.1% during the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock valued at $823,000 after purchasing an additional 2,429 shares in the last quarter. 33.06% of the stock is owned by hedge funds and other institutional investors.

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.