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

CB Financial Services, Inc. (NASDAQ:CBFV) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 28,100 shares, a decline of 63.3% from the January 31st total of 76,500 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 9,200 shares, the days-to-cover ratio is presently 3.1 days.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on CB Financial Services in a research note on Thursday, December 26th. They set a “hold” rating for the company.

CB Financial Services Trading Up 0.6 %

NASDAQ:CBFV opened at $27.96 on Friday. CB Financial Services has a 52 week low of $20.75 and a 52 week high of $33.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s fifty day moving average is $28.98 and its 200-day moving average is $28.74. The firm has a market cap of $143.27 million, a P/E ratio of 11.70 and a beta of 0.60.

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

CB Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Friday, February 14th. CB Financial Services’s dividend payout ratio is currently 41.84%.

Insiders Place Their Bets

In related news, Chairman Mark E. Fox sold 3,538 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $359,541. This represents a 23.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the stock in a transaction that occurred on 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 approximately $495,780.22. The trade was a 18.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,703 shares of company stock valued at $247,995 over the last ninety days. 9.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its position 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. Barclays PLC increased its position in shares of 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 purchasing an additional 943 shares during the last quarter. Fiduciary Trust Co purchased a new stake in shares of CB Financial Services during the 4th quarter valued at $266,000. Millennium Management LLC purchased a new position in shares of CB Financial Services in the 4th quarter worth about $301,000. Finally, Ameriprise Financial Inc. bought a new position in CB Financial Services during the fourth quarter valued at about $323,000. Hedge funds and other institutional investors own 33.06% of the company’s stock.

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.