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

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 8,800 shares, a decline of 82.3% from the February 28th total of 49,700 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 13,600 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of CB Financial Services

Several large investors have recently modified their holdings of the business. Empowered Funds LLC raised its position in shares of CB Financial Services by 1.8% during the 4th quarter. Empowered Funds LLC now owns 33,172 shares of the bank’s stock worth $948,000 after purchasing an additional 600 shares during the last quarter. Barclays PLC increased its position in CB Financial Services by 12.7% during the third quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after buying an additional 943 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of CB Financial Services by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,822 shares of the bank’s stock worth $509,000 after acquiring an additional 967 shares during the last quarter. De Lisle Partners LLP lifted its position in shares of CB Financial Services by 9.1% in the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock valued at $823,000 after acquiring an additional 2,429 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of CB Financial Services by 1,093.4% during the fourth quarter. Bank of America Corp DE now owns 3,807 shares of the bank’s stock valued at $109,000 after acquiring an additional 3,488 shares during the last quarter. 33.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of CB Financial Services in a report on Thursday, December 26th. They set a “hold” rating for the company.

CB Financial Services Price Performance

Shares of NASDAQ CBFV traded up $0.41 during midday trading on Wednesday, hitting $29.08. The company had a trading volume of 5,666 shares, compared to its average volume of 7,067. 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 business has a 50-day simple moving average of $28.94 and a two-hundred day simple moving average of $28.99. CB Financial Services has a twelve month low of $20.75 and a twelve month high of $33.72. The firm has a market capitalization of $148.92 million, a price-to-earnings ratio of 12.17 and a beta of 0.64.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share 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%. Equities research analysts anticipate that CB Financial Services will post 1.82 earnings per share for the current year.

CB Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Friday, February 14th. CB Financial Services’s dividend payout ratio (DPR) 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.