CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Up 18.6% in March

CB Financial Services, Inc. (NASDAQ:CBFV) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 8,300 shares, a growth of 18.6% from the March 15th total of 7,000 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 3,700 shares, the short-interest ratio is presently 2.2 days.

CB Financial Services Price Performance

CBFV opened at $21.22 on Tuesday. The stock’s 50-day moving average price is $21.89 and its 200 day moving average price is $22.43. CB Financial Services has a 12-month low of $17.20 and a 12-month high of $27.02. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.25. The firm has a market cap of $109.07 million, a price-to-earnings ratio of 4.86 and a beta of 0.56.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings results on Wednesday, January 31st. The bank reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. CB Financial Services had a return on equity of 10.26% and a net margin of 26.15%. The company had revenue of $27.65 million for the quarter, compared to the consensus estimate of $12.90 million. As a group, sell-side analysts expect that CB Financial Services will post 2.17 earnings per share for the current year.

CB Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.00 annualized dividend and a yield of 4.71%. CB Financial Services’s dividend payout ratio (DPR) is 22.88%.

Analysts Set New Price Targets

Several brokerages have recently commented on CBFV. StockNews.com began coverage on CB Financial Services in a research note on Sunday. They issued a “hold” rating on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $24.00 price target on shares of CB Financial Services in a research note on Monday, February 5th.

Institutional Investors Weigh In On CB Financial Services

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in CB Financial Services by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 185,433 shares of the bank’s stock worth $4,451,000 after purchasing an additional 495 shares during the period. Stifel Financial Corp raised its position in shares of CB Financial Services by 4.2% during the 4th quarter. Stifel Financial Corp now owns 16,235 shares of the bank’s stock worth $387,000 after acquiring an additional 658 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CB Financial Services by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 41,109 shares of the bank’s stock worth $835,000 after acquiring an additional 665 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of CB Financial Services by 9.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,701 shares of the bank’s stock worth $254,000 after acquiring an additional 998 shares in the last quarter. Finally, State Street Corp raised its position in shares of CB Financial Services by 10.2% during the 2nd quarter. State Street Corp now owns 11,641 shares of the bank’s stock worth $266,000 after acquiring an additional 1,080 shares in the last quarter. Hedge funds and other institutional investors own 33.06% of the company’s stock.

About CB Financial Services

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.