CB Financial Services, Inc. (NASDAQ:CBFV) Sees Large Decrease in Short Interest

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 8,800 shares, a drop of 82.3% from the February 28th total of 49,700 shares. Currently, 0.2% of the company's shares are sold short. Based on an average trading volume of 13,600 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on CB Financial Services in a report on Thursday, December 26th. They issued a "hold" rating for the company.

CB Financial Services Trading Down 1.8 %

CB Financial Services stock traded down $0.54 during trading on Friday, reaching $28.76. The company had a trading volume of 10,965 shares, compared to its average volume of 7,165. The firm has a market capitalization of $147.28 million, a price-to-earnings ratio of 12.03 and a beta of 0.64. 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 stock's 50 day moving average price is $28.97 and its two-hundred day moving average price is $29.03. CB Financial Services has a 12-month low of $20.75 and a 12-month high of $33.72.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The bank reported $0.35 earnings per share (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%. As a group, equities analysts expect that CB Financial Services will post 1.82 earnings per share for the current fiscal 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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Friday, February 14th. CB Financial Services's dividend payout ratio (DPR) is presently 41.84%.

Institutional Investors Weigh In On CB Financial Services

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in CB Financial Services by 1,093.4% during the 4th quarter. Bank of America Corp DE now owns 3,807 shares of the bank's stock worth $109,000 after acquiring an additional 3,488 shares in the last quarter. Barclays PLC lifted its position in shares of CB Financial Services by 12.7% during the third 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 purchased a new position in shares of CB Financial Services in the fourth quarter valued at $266,000. Millennium Management LLC acquired a new stake in CB Financial Services during the 4th quarter valued at $301,000. Finally, Ameriprise Financial Inc. purchased a new stake in CB Financial Services during the 4th quarter worth $323,000. Hedge funds and other institutional investors own 33.06% of the company's 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.