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

CB Financial Services, Inc. (NASDAQ:CBFV) was the recipient of a significant growth in short interest in 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 stock are sold short. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is presently 2.2 days.

CB Financial Services Stock Down 0.6 %

Shares of CB Financial Services stock opened at $21.22 on Tuesday. 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 business’s 50 day simple moving average is $21.89 and its 200-day simple moving average is $22.43. The stock has a market capitalization of $109.07 million, a price-to-earnings ratio of 4.86 and a beta of 0.56. CB Financial Services has a twelve month low of $17.20 and a twelve month high of $27.02.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $27.65 million for the quarter, compared to analysts’ expectations of $12.90 million. CB Financial Services had a return on equity of 10.26% and a net margin of 26.15%. Equities research analysts forecast that CB Financial Services will post 2.17 earnings per share for the current year.

CB Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.71%. The ex-dividend date was Wednesday, February 14th. CB Financial Services’s dividend payout ratio is currently 22.88%.

Institutional Trading of CB Financial Services

Several large investors have recently added to or reduced their stakes in CBFV. Alliancebernstein L.P. increased its position in CB Financial Services by 162.1% in the 2nd quarter. Alliancebernstein L.P. now owns 89,003 shares of the bank’s stock valued at $1,842,000 after acquiring an additional 55,039 shares during the period. BlackRock Inc. boosted its stake in CB Financial Services by 266.7% during the 3rd quarter. BlackRock Inc. now owns 46,087 shares of the bank’s stock valued at $1,002,000 after purchasing an additional 33,520 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in CB Financial Services during the 2nd quarter valued at $266,000. Janney Montgomery Scott LLC boosted its stake in CB Financial Services by 3.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 323,381 shares of the bank’s stock valued at $6,920,000 after purchasing an additional 12,218 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in CB Financial Services during the 3rd quarter valued at $233,000. 33.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CBFV has been the topic of several research reports. DA Davidson restated a “neutral” rating and set a $24.00 price objective on shares of CB Financial Services in a research note on Monday, February 5th. StockNews.com initiated coverage on CB Financial Services in a research note on Sunday. They set a “hold” rating on the stock.

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.