CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Up 506.7% in December

CB Financial Services, Inc. (NASDAQ:CBFV) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 27,300 shares, a growth of 506.7% from the December 15th total of 4,500 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is currently 4.6 days.

Insider Transactions at CB Financial Services

In other CB Financial Services news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $32.63, for a total transaction of $111,431.45. Following the completion of the sale, the insider now directly owns 15,194 shares in the company, valued at $495,780.22. The trade was a 18.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark E. Fox sold 3,538 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $31.50, for a total transaction of $111,447.00. Following the completion of the transaction, the chairman now owns 11,414 shares in the company, valued at $359,541. This trade represents a 23.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,703 shares of company stock worth $247,995 over the last quarter. 9.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CB Financial Services

A number of institutional investors and hedge funds have recently modified their holdings of CBFV. Barclays PLC boosted its holdings in CB Financial Services by 12.7% during the 3rd 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. Acadian Asset Management LLC grew its holdings in shares of CB Financial Services by 115.4% in the second 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 during the last quarter. Empowered Funds LLC increased its stake 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 buying an additional 1,608 shares during the period. De Lisle Partners LLP increased its stake in CB Financial Services by 9.1% in the 3rd quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after buying an additional 2,429 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in CB Financial Services by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock valued at $1,352,000 after buying an additional 4,295 shares in the last quarter. Hedge funds and other institutional investors own 33.06% of the company’s stock.

CB Financial Services Price Performance

CBFV traded down $0.12 on Monday, hitting $26.73. 10,454 shares of the company’s stock traded hands, compared to its average volume of 9,832. The firm has a market cap of $136.96 million, a price-to-earnings ratio of 6.01 and a beta of 0.60. The company has a current ratio of 0.87, a quick 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 company’s 50 day simple moving average is $29.89 and its 200-day simple moving average is $27.34.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Friday, October 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $21.01 million for the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. As a group, research analysts anticipate that CB Financial Services will post 2.18 EPS for the current year.

CB Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given 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 3.74%. CB Financial Services’s dividend payout ratio (DPR) is presently 22.47%.

Analysts Set New Price Targets

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

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.