CB Financial Services, Inc. (NASDAQ:CBFV) Sees Significant Increase in Short Interest

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a large 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. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 5,200 shares, the days-to-cover ratio is presently 0.9 days.

Insider Buying and Selling

In other news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the business’s stock in a transaction 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 sale, the insider now owns 15,194 shares of the company’s stock, valued at approximately $495,780.22. The trade was a 18.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark E. Fox sold 3,538 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $31.50, for a total value of $111,447.00. Following the transaction, the chairman now directly owns 11,414 shares of the company’s stock, valued at $359,541. This 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 valued at $247,995 in the last three months. 9.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CB Financial Services

A number of hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC grew its stake 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 valued at $46,000 after purchasing an additional 1,119 shares during the period. Barclays PLC boosted its stake in shares of CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after purchasing an additional 943 shares during the last quarter. Fourthstone LLC bought a new position in shares of CB Financial Services in the 3rd quarter worth $373,000. Commonwealth Equity Services LLC bought a new stake in shares of CB Financial Services in the 2nd quarter valued at about $393,000. Finally, De Lisle Partners LLP raised its holdings in CB Financial Services by 9.1% in the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after purchasing an additional 2,429 shares during the period. 33.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CBFV has been the subject of a number of research analyst reports. DA Davidson upped their price target on shares of CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. StockNews.com assumed 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 midday trading on Monday, hitting $28.46. The company’s stock had a trading volume of 10,118 shares, compared to its average volume of 4,487. CB Financial Services has a 1-year low of $20.75 and a 1-year high of $33.72. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $145.83 million, a P/E ratio of 6.40 and a beta of 0.58. The stock has a 50-day simple moving average of $29.98 and a 200-day simple moving average of $26.98.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings data 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 firm had revenue of $21.01 million during 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%. As a group, sell-side analysts expect that CB Financial Services will post 2.18 earnings per share for the current year.

CB Financial Services Dividend Announcement

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