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

CB Financial Services, Inc. (NASDAQ:CBFV) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 3,600 shares, a growth of 5.9% from the June 30th total of 3,400 shares. Based on an average daily trading volume, of 3,400 shares, the short-interest ratio is currently 1.1 days. Currently, 0.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

CBFV has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $25.00 price target (up from $24.00) on shares of CB Financial Services in a research note on Monday. StockNews.com initiated coverage on CB Financial Services in a research note on Saturday. They set a “hold” rating on the stock.

CB Financial Services Stock Performance

Shares of CB Financial Services stock opened at $24.37 on Wednesday. The stock has a market cap of $125.26 million, a price-to-earnings ratio of 5.54 and a beta of 0.56. CB Financial Services has a twelve month low of $20.10 and a twelve month high of $27.02. The company’s fifty day moving average is $22.78 and its 200 day moving average is $22.55. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. The firm had revenue of $19.63 million for the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a return on equity of 8.79% and a net margin of 24.64%. Sell-side analysts forecast that CB Financial Services will post 2.22 EPS for the current year.

CB Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.10%. CB Financial Services’s dividend payout ratio (DPR) is currently 22.73%.

Institutional Investors Weigh In On CB Financial Services

A hedge fund recently raised its stake in CB Financial Services stock. Empowered Funds LLC grew its holdings in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 7.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,804 shares of the bank’s stock after acquiring an additional 2,100 shares during the period. Empowered Funds LLC owned 0.56% of CB Financial Services worth $623,000 as of its most recent SEC filing. 33.06% of the stock is currently owned by institutional investors.

About CB Financial Services

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.