Short Interest in CB Financial Services, Inc. (NASDAQ:CBFV) Rises By 506.7%

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 27,300 shares, an increase of 506.7% from the December 31st total of 4,500 shares. Based on an average daily trading volume, of 6,000 shares, the short-interest ratio is currently 4.6 days. Approximately 0.6% of the shares of the company are sold short.

Insider Transactions at CB Financial Services

In other CB Financial Services news, Chairman Mark E. Fox sold 3,538 shares of CB Financial Services stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $31.50, for a total transaction of $111,447.00. Following the completion of the transaction, the chairman now owns 11,414 shares in the company, valued at approximately $359,541. The trade was a 23.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of CB Financial Services stock in a transaction that occurred 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 transaction, the insider now owns 15,194 shares of the company’s stock, valued at $495,780.22. This represents a 18.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,703 shares of company stock valued at $247,995. Corporate insiders own 9.40% of the company’s stock.

Hedge Funds Weigh In On CB Financial Services

Several hedge funds and other institutional investors have recently made changes to their positions in CBFV. Waldron Private Wealth LLC raised its stake in CB Financial Services by 100.0% during the 4th quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank’s stock valued at $3,447,000 after acquiring an additional 60,306 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in CB Financial Services in the third quarter worth about $941,000. Fourthstone LLC bought a new position in CB Financial Services in the 3rd quarter valued at about $373,000. Janney Montgomery Scott LLC increased its stake in CB Financial Services by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock valued at $10,204,000 after buying an additional 8,143 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of CB Financial Services by 9.7% during the 3rd 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 in the last quarter. 33.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. StockNews.com started coverage on shares of CB Financial Services in a report on Thursday, December 26th. They issued a “hold” rating on the stock. DA Davidson raised their price objective on CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

CB Financial Services Stock Performance

Shares of CBFV stock traded down $0.06 on Tuesday, hitting $29.15. 4,793 shares of the stock traded hands, compared to its average volume of 6,538. The company’s fifty day moving average is $29.74 and its 200 day moving average is $27.81. CB Financial Services has a 1-year low of $20.75 and a 1-year high of $33.72. The company has a market capitalization of $149.25 million, a PE ratio of 6.55 and a beta of 0.60. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87.

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 business had revenue of $21.01 million during the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. On average, equities research analysts predict that CB Financial Services will post 2.18 earnings per share for the current fiscal year.

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.