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

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 4,500 shares, a growth of 40.6% from the November 30th total of 3,200 shares. Based on an average daily volume of 5,200 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.1% of the shares of the stock are sold short.

Insider Transactions at CB Financial Services

In related news, Chairman Mark E. Fox sold 3,538 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $31.50, for a total transaction of $111,447.00. Following the transaction, the chairman now owns 11,414 shares in the company, valued at $359,541. This represents a 23.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the firm’s 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 completion of the transaction, the insider now directly owns 15,194 shares in the company, valued at approximately $495,780.22. The trade was a 18.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,703 shares of company stock valued at $247,995. Insiders own 9.40% of the company’s stock.

Hedge Funds Weigh In On CB Financial Services

A number of large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC purchased a new stake in shares of CB Financial Services in the second quarter worth about $393,000. Acadian Asset Management LLC grew its position in CB Financial Services by 115.4% in the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,119 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of CB Financial Services by 2.3% during the third 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. Empowered Funds LLC lifted its position in shares of CB Financial Services by 5.2% during 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 in the last quarter. Finally, De Lisle Partners LLP boosted its stake in shares of CB Financial Services by 9.1% in 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 during the period. Hedge funds and other institutional investors own 33.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CBFV shares. DA Davidson raised their target price on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. StockNews.com began coverage on shares of CB Financial Services in a report on Thursday. They set a “hold” rating for the company.

CB Financial Services Stock Down 0.7 %

Shares of CB Financial Services stock traded down $0.21 during trading hours on Monday, hitting $28.46. The company had a trading volume of 10,118 shares, compared to its average volume of 4,487. CB Financial Services has a twelve month low of $20.75 and a twelve month high of $33.72. The company has a market cap of $145.83 million, a P/E ratio of 6.40 and a beta of 0.58. 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 company’s 50-day moving average is $29.98 and its two-hundred day moving average is $26.98.

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

CB Financial Services Dividend Announcement

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

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.