Short Interest in CB Financial Services, Inc. (NASDAQ:CBFV) Rises By 25.0%

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 11,000 shares, a growth of 25.0% from the March 15th total of 8,800 shares. Based on an average daily trading volume, of 14,300 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of CB Financial Services in a research note on Thursday, December 26th. They issued a “hold” rating for the company.

Institutional Trading of CB Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Waldron Private Wealth LLC grew its stake in shares of CB Financial Services by 100.0% during the fourth quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank’s stock worth $3,447,000 after purchasing an additional 60,306 shares during the period. Geode Capital Management LLC boosted its holdings in CB Financial Services by 9.7% during the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock worth $1,352,000 after buying an additional 4,295 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of CB Financial Services during the 3rd quarter worth about $941,000. Empowered Funds LLC increased its stake in shares of CB Financial Services by 1.8% in the 4th quarter. Empowered Funds LLC now owns 33,172 shares of the bank’s stock valued at $948,000 after acquiring an additional 600 shares during the last quarter. Finally, M3F Inc. acquired a new stake in shares of CB Financial Services in the 4th quarter valued at approximately $916,000. Institutional investors own 33.06% of the company’s stock.

CB Financial Services Trading Up 0.9 %

Shares of CBFV traded up $0.25 during trading hours on Monday, hitting $28.88. 6,138 shares of the stock traded hands, compared to its average volume of 7,753. The business has a fifty day moving average of $28.26 and a 200-day moving average of $28.98. The firm has a market capitalization of $147.35 million, a PE ratio of 12.08 and a beta of 0.36. CB Financial Services has a 1-year low of $20.75 and a 1-year high of $33.72. 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 Wednesday, January 29th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. Analysts expect that CB Financial Services will post 1.82 EPS for the current year.

CB Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Friday, February 14th. CB Financial Services’s dividend payout ratio is presently 41.84%.

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.