CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Up 76.9% in February

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 49,700 shares, an increase of 76.9% from the February 13th total of 28,100 shares. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is presently 4.2 days. Currently, 1.1% of the shares of the company are short sold.

CB Financial Services Stock Performance

Shares of CB Financial Services stock traded up $0.12 on Friday, reaching $27.70. 5,926 shares of the stock were exchanged, compared to its average volume of 6,591. 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. The business has a fifty day moving average price of $28.80 and a two-hundred day moving average price of $28.91. The firm has a market capitalization of $141.93 million, a PE ratio of 11.59 and a beta of 0.64.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.12). CB Financial Services had a return on equity of 7.45% and a net margin of 15.43%. As a group, research analysts anticipate that CB Financial Services will post 1.82 earnings per share for the current fiscal 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 3.61%. The ex-dividend date was Friday, February 14th. CB Financial Services’s dividend payout ratio (DPR) is presently 41.84%.

Insider Transactions at CB Financial Services

In other news, Chairman Mark E. Fox sold 3,538 shares of the business’s 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 transaction, the chairman now directly owns 11,414 shares in the company, valued at $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 available through this link. Company insiders own 9.40% of the company’s stock.

Institutional Trading of CB Financial Services

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC lifted its holdings in shares of CB Financial Services by 12.7% in the third quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after purchasing an additional 943 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CB Financial Services by 9.7% in the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock valued at $1,352,000 after purchasing an additional 4,295 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of CB Financial Services by 1.8% in the fourth quarter. Empowered Funds LLC now owns 33,172 shares of the bank’s stock valued at $948,000 after purchasing an additional 600 shares in the last quarter. Waldron Private Wealth LLC lifted its holdings in shares of CB Financial Services by 100.0% in the fourth quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank’s stock valued at $3,447,000 after purchasing an additional 60,306 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of CB Financial Services during the third quarter valued at approximately $941,000. Hedge funds and other institutional investors own 33.06% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of CB Financial Services in a research note on Thursday, December 26th. 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.