CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Update

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 99,119 shares, a drop of 19.3% from the December 15th total of 122,890 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average trading volume of 8,533 shares, the short-interest ratio is presently 11.6 days. Based on an average trading volume of 8,533 shares, the short-interest ratio is presently 11.6 days. Currently, 2.2% of the company’s shares are sold short.

Insider Transactions at CB Financial Services

In other news, EVP Bruce A. Sharp acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average cost of $32.80 per share, for a total transaction of $32,800.00. Following the completion of the transaction, the executive vice president directly owned 1,000 shares in the company, valued at $32,800. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CB Financial Services

Several institutional investors have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey bought a new position in CB Financial Services during the 2nd quarter worth about $30,000. BNP Paribas Financial Markets boosted its position in shares of CB Financial Services by 89.7% during the third quarter. BNP Paribas Financial Markets now owns 1,343 shares of the bank’s stock worth $45,000 after buying an additional 635 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of CB Financial Services by 902.9% during the second quarter. JPMorgan Chase & Co. now owns 2,457 shares of the bank’s stock worth $70,000 after buying an additional 2,212 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of CB Financial Services during the second quarter worth about $73,000. Finally, Raymond James Financial Inc. acquired a new position in CB Financial Services during the 2nd quarter worth approximately $99,000. 33.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of CB Financial Services from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Zacks Research cut shares of CB Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CB Financial Services in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, CB Financial Services currently has an average rating of “Hold” and a consensus price target of $36.00.

CB Financial Services Trading Up 0.5%

NASDAQ:CBFV traded up $0.17 on Tuesday, reaching $35.14. The company’s stock had a trading volume of 1,420 shares, compared to its average volume of 3,243. CB Financial Services has a 1-year low of $26.01 and a 1-year high of $37.45. The business’s 50-day moving average price is $34.89 and its two-hundred day moving average price is $33.05. The firm has a market cap of $176.03 million, a PE ratio of 73.43 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 0.88.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings data on Thursday, October 23rd. The bank reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.08. CB Financial Services had a return on equity of 8.42% and a net margin of 3.37%.The business had revenue of $2.42 million for the quarter, compared to analysts’ expectations of $13.96 million. Equities research analysts anticipate that CB Financial Services will post 1.82 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.04 annualized dividend and a dividend yield of 3.0%. CB Financial Services’s dividend payout ratio is currently 216.67%.

CB Financial Services Company Profile

CB Financial Services, Inc is a bank holding company headquartered in the Kansas City metropolitan area. Through its subsidiary, Community Bank & Trust, F.S.B., the company provides a comprehensive suite of retail and commercial banking services. Its primary focus is meeting the financial needs of individuals, small businesses and agricultural clients within its regional footprint.

The company’s deposit product lineup includes checking accounts, savings accounts, money market accounts and certificates of deposit.