CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Up 40.6% in December

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 4,500 shares, an increase of 40.6% from the November 30th total of 3,200 shares. Based on an average trading volume of 5,200 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CBFV shares. DA Davidson lifted their target price on CB Financial Services from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. StockNews.com initiated coverage on shares of CB Financial Services in a report on Thursday. They set a "hold" rating for the company.

CB Financial Services Trading Down 0.7 %

CBFV traded down $0.21 during trading on Monday, hitting $28.46. 10,118 shares of the stock were exchanged, compared to its average volume of 4,487. 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 has a 50 day simple moving average of $29.98 and a 200 day simple moving average of $26.98. The firm has a market cap of $145.83 million, a price-to-earnings ratio of 6.40 and a beta of 0.58. CB Financial Services has a 1 year low of $20.75 and a 1 year high of $33.72.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last announced its quarterly earnings results on Friday, October 25th. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. The firm had revenue of $21.01 million for the quarter, compared to analyst estimates of $12.60 million. As a group, equities analysts expect that CB Financial Services will post 2.18 EPS for the current year.

CB Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.51%. CB Financial Services's payout ratio is presently 22.47%.

Insider Activity at CB Financial Services

In other CB Financial Services news, Chairman Mark E. Fox sold 3,538 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $31.50, for a total transaction of $111,447.00. Following the completion of the transaction, the chairman now owns 11,414 shares in the company, valued at $359,541. The trade was a 23.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $111,431.45. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,703 shares of company stock valued at $247,995. Insiders own 9.40% of the company's stock.

Hedge Funds Weigh In On CB Financial Services

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC lifted its holdings in CB Financial Services by 115.4% during the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank's stock worth $46,000 after buying an additional 1,119 shares during the period. Barclays PLC raised 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 acquiring an additional 943 shares in the last quarter. Fourthstone LLC purchased a new stake in shares of CB Financial Services during the 3rd quarter worth $373,000. Commonwealth Equity Services LLC bought a new stake in CB Financial Services during the second quarter valued at about $393,000. Finally, De Lisle Partners LLP grew its stake in CB Financial Services by 9.1% in the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank's stock valued at $823,000 after purchasing an additional 2,429 shares during the last quarter. 33.06% of the stock is currently owned by 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.