Short Interest in CBB Bancorp, Inc. (OTCMKTS:CBBI) Drops By 50.0%

CBB Bancorp, Inc. (OTCMKTS:CBBI) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 100 shares, a decrease of 50.0% from the September 30th total of 200 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is currently 0.0 days.

CBB Bancorp Stock Up 2.5 %

Shares of CBBI stock traded up $0.25 during mid-day trading on Friday, hitting $10.27. 44,045 shares of the stock were exchanged, compared to its average volume of 14,116. The company has a market cap of $108.74 million, a PE ratio of 3.97 and a beta of 0.55. The firm has a fifty day moving average of $10.35 and a 200 day moving average of $9.98. CBB Bancorp has a 52-week low of $9.22 and a 52-week high of $10.55.

CBB Bancorp (OTCMKTS:CBBI) last posted its quarterly earnings data on Friday, July 26th. The company reported $0.51 earnings per share for the quarter. The company had revenue of $17.70 million for the quarter.

CBB Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.10 per share. This is a boost from CBB Bancorp’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Friday, November 8th. CBB Bancorp’s payout ratio is 12.36%.

About CBB Bancorp

CBB Bancorp, Inc operates as the holding company for Commonwealth Business Bank that provides various commercial banking products and services to individuals and businesses in the United States. It offers checking, savings, money market, and certification of deposit accounts; SBA lending; business lines of credit; business term loans; business and commercial property loans; construction loans; and credit cards.