CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Down 31.6% in November

CB Financial Services, Inc. (NASDAQ:CBFV) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 5,400 shares, a decline of 31.6% from the October 31st total of 7,900 shares. Based on an average daily volume of 5,300 shares, the short-interest ratio is currently 1.0 days. Approximately 0.1% of the company’s stock are short sold.

CB Financial Services Stock Performance

NASDAQ:CBFV traded up $0.43 during trading hours on Friday, hitting $31.99. 4,476 shares of the company traded hands, compared to its average volume of 4,261. The stock has a market capitalization of $163.76 million, a price-to-earnings ratio of 7.09 and a beta of 0.56. CB Financial Services has a twelve month low of $20.75 and a twelve month high of $31.99. The firm has a 50-day moving average of $28.77 and a 200 day moving average of $25.65. 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 (NASDAQ:CBFV) last released its earnings results on Friday, October 25th. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The firm had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. On average, analysts forecast that CB Financial Services will post 2.18 EPS for the current year.

CB Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, November 15th. CB Financial Services’s dividend payout ratio (DPR) is presently 22.47%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com assumed coverage on shares of CB Financial Services in a research report on Sunday, November 24th. They set a “hold” rating on the stock. DA Davidson lifted their target price on shares of CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th.

Institutional Investors Weigh In On CB Financial Services

Several large investors have recently made changes to their positions in CBFV. Wilmington Savings Fund Society FSB bought a new stake in shares of CB Financial Services in the 3rd quarter worth about $941,000. Commonwealth Equity Services LLC acquired a new position in CB Financial Services during the 2nd quarter valued at about $393,000. Fourthstone LLC acquired a new position in CB Financial Services during the 3rd quarter valued at about $373,000. Janney Montgomery Scott LLC lifted its position in CB Financial Services by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after purchasing an additional 8,143 shares during the period. Finally, Geode Capital Management LLC lifted its position 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 purchasing an additional 4,295 shares during the period. Institutional investors own 33.06% of the company’s 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.