CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Up 76.9% in February

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 49,700 shares, an increase of 76.9% from the February 13th total of 28,100 shares. Based on an average daily trading volume, of 11,700 shares, the short-interest ratio is currently 4.2 days. Approximately 1.1% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of CB Financial Services in a research report on Thursday, December 26th. They set a "hold" rating on the stock.

CB Financial Services Price Performance

Shares of NASDAQ CBFV traded up $0.11 during trading on Tuesday, hitting $28.27. 13,499 shares of the company were exchanged, compared to its average volume of 6,679. The company has a market cap of $144.86 million, a price-to-earnings ratio of 11.83 and a beta of 0.64. CB Financial Services has a 1 year low of $20.75 and a 1 year high of $33.72. The firm's fifty day moving average price is $28.80 and its 200 day moving average price is $28.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87.

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CB Financial Services (NASDAQ:CBFV - Get Free Report) last issued 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%. On average, sell-side analysts expect that CB Financial Services will post 1.82 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.54%. CB Financial Services's dividend payout ratio is presently 41.84%.

Institutional Investors Weigh In On CB Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its position in shares of CB Financial Services by 1,093.4% in the 4th quarter. Bank of America Corp DE now owns 3,807 shares of the bank's stock worth $109,000 after buying an additional 3,488 shares in the last quarter. Barclays PLC boosted its position in shares of CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank's stock worth $234,000 after buying an additional 943 shares in the last quarter. Fiduciary Trust Co purchased a new stake in shares of CB Financial Services in the 4th quarter worth about $266,000. Millennium Management LLC purchased a new stake in shares of CB Financial Services in the 4th quarter worth about $301,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of CB Financial Services in the 4th quarter worth about $323,000. 33.06% of the stock is currently owned by hedge funds and other institutional investors.

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.