Short Interest in CB Financial Services, Inc. (NASDAQ:CBFV) Expands By 25.0%

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 11,000 shares, a growth of 25.0% from the March 15th total of 8,800 shares. Based on an average daily trading volume, of 14,300 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the company's stock are short sold.

CB Financial Services Stock Performance

CB Financial Services stock traded down $0.29 during mid-day trading on Friday, reaching $29.12. 1,222 shares of the company were exchanged, compared to its average volume of 7,945. The firm has a market cap of $148.54 million, a PE ratio of 12.08 and a beta of 0.36. 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 50-day simple moving average is $28.13 and its two-hundred day simple moving average is $29.00. CB Financial Services has a twelve month low of $20.75 and a twelve month high of $33.72.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.07. CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. The firm had revenue of $12.10 million for the quarter, compared to analyst estimates of $12.69 million. Equities analysts predict that CB Financial Services will post 1.82 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.25 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.43%. CB Financial Services's payout ratio is currently 41.84%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered CB Financial Services from a "hold" rating to a "sell" rating in a research report on Tuesday.

Hedge Funds Weigh In On CB Financial Services

A number of large investors have recently modified their holdings of CBFV. Bank of America Corp DE boosted its stake in shares of CB Financial Services by 1,093.4% in the fourth quarter. Bank of America Corp DE now owns 3,807 shares of the bank's stock valued at $109,000 after buying an additional 3,488 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of CB Financial Services during the 1st quarter worth $211,000. Barclays PLC boosted 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 worth $234,000 after purchasing an additional 943 shares in the last quarter. Fiduciary Trust Co acquired a new position in shares of CB Financial Services during the 4th quarter worth $266,000. Finally, Millennium Management LLC purchased a new position in shares of CB Financial Services in the 4th quarter valued at about $301,000. 33.06% of the stock is owned by hedge funds and other 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.