CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Up 506.7% in January

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 27,300 shares, an increase of 506.7% from the December 31st total of 4,500 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 6,000 shares, the days-to-cover ratio is presently 4.6 days.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. DA Davidson upped their target price on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. StockNews.com initiated coverage on shares of CB Financial Services in a report on Thursday, December 26th. They issued a “hold” rating for the company.

Insider Buying and Selling

In related news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $32.63, for a total transaction of $111,431.45. Following the transaction, the insider now owns 15,194 shares in the company, valued at $495,780.22. The trade was a 18.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark E. Fox sold 3,538 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $31.50, for a total value of $111,447.00. Following the transaction, the chairman now directly owns 11,414 shares of the company’s stock, valued at $359,541. The trade was a 23.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,703 shares of company stock worth $247,995 in the last ninety days. 9.40% of the stock is owned by insiders.

Institutional Investors Weigh In On CB Financial Services

Several hedge funds have recently made changes to their positions in CBFV. Empowered Funds LLC increased its stake in shares of CB Financial Services by 1.8% during 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. Barclays PLC increased its position in CB Financial Services by 12.7% during the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after buying an additional 943 shares in the last quarter. De Lisle Partners LLP raised its stake in CB Financial Services by 9.1% during the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock valued at $823,000 after buying an additional 2,429 shares during the last quarter. Geode Capital Management LLC raised its stake in CB Financial Services by 9.7% during the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock valued at $1,352,000 after buying an additional 4,295 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in CB Financial Services by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock worth $10,204,000 after acquiring an additional 8,143 shares in the last quarter. 33.06% of the stock is currently owned by institutional investors.

CB Financial Services Stock Down 0.2 %

CBFV stock opened at $29.15 on Wednesday. CB Financial Services has a fifty-two week low of $20.75 and a fifty-two week high of $33.72. The company has a market capitalization of $149.36 million, a price-to-earnings ratio of 6.55 and a beta of 0.60. The business’s 50 day moving average price is $29.74 and its two-hundred day moving average price is $27.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87.

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.