CB Financial Services, Inc. (NASDAQ:CBFV) Sees Significant Increase in Short Interest

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 76,500 shares, an increase of 12.2% from the January 15th total of 68,200 shares. Based on an average trading volume of 7,900 shares, the short-interest ratio is presently 9.7 days. Currently, 1.6% of the company's shares are sold short.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. DA Davidson increased their target price on CB Financial Services from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. StockNews.com assumed coverage on shares of CB Financial Services in a research report on Thursday, December 26th. They set a "hold" rating for the company.

CB Financial Services Stock Down 1.9 %

NASDAQ CBFV traded down $0.54 during trading on Friday, hitting $28.63. The stock had a trading volume of 17,002 shares, compared to its average volume of 10,453. The company has a market capitalization of $146.59 million, a PE ratio of 11.98 and a beta of 0.60. CB Financial Services has a 12 month low of $20.75 and a 12 month high of $33.72. The company's 50-day moving average price is $29.28 and its two-hundred day moving average price is $28.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last released its earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.12). CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. As a group, sell-side analysts forecast that CB Financial Services will post 1.82 EPS for the current year.

CB Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is 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 CB Financial Services stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $31.50, for a total transaction of $111,447.00. Following the transaction, the chairman now owns 11,414 shares of the company's stock, valued at $359,541. This trade represents a 23.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of CB Financial Services stock in a transaction 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 directly owns 15,194 shares in the company, valued at approximately $495,780.22. This represents a 18.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,703 shares of company stock valued at $247,995. 9.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CB Financial Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew 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 valued at $109,000 after acquiring an additional 3,488 shares during the period. Barclays PLC raised its stake in CB Financial Services by 12.7% in the third quarter. Barclays PLC now owns 8,373 shares of the bank's stock valued at $234,000 after buying an additional 943 shares during the period. Fiduciary Trust Co bought a new stake in CB Financial Services in the fourth quarter valued at approximately $266,000. Millennium Management LLC bought a new position in shares of CB Financial Services during the 4th quarter worth approximately $301,000. Finally, Ameriprise Financial Inc. bought a new position in shares of CB Financial Services during the 4th quarter worth approximately $323,000. 33.06% of the stock is 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.