CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Up 37.5% in October

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 7,700 shares, an increase of 37.5% from the September 30th total of 5,600 shares. Based on an average daily trading volume, of 4,400 shares, the short-interest ratio is presently 1.8 days. Currently, 0.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of research firms have commented on CBFV. StockNews.com began coverage on CB Financial Services in a research note on Wednesday, October 23rd. They set a "hold" rating on the stock. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $25.00 price target (up previously from $24.00) on shares of CB Financial Services in a research note on Monday, July 29th. Finally, DA Davidson upped their price objective on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday.

Hedge Funds Weigh In On CB Financial Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC acquired a new position in shares of CB Financial Services during the second quarter worth $393,000. Janney Montgomery Scott LLC grew its position in CB Financial Services by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank's stock worth $10,204,000 after acquiring an additional 8,143 shares during the last quarter. Empowered Funds LLC increased its holdings in CB Financial Services by 7.9% in the 1st quarter. Empowered Funds LLC now owns 28,804 shares of the bank's stock worth $623,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in CB Financial Services by 115.4% in the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank's stock valued at $46,000 after purchasing an additional 1,119 shares during the last quarter. Institutional investors own 33.06% of the company's stock.

CB Financial Services Price Performance

Shares of CBFV stock traded down $0.07 during trading hours on Tuesday, reaching $28.41. The company's stock had a trading volume of 2,998 shares, compared to its average volume of 3,906. CB Financial Services has a fifty-two week low of $20.75 and a fifty-two week high of $29.50. The firm's 50 day simple moving average is $27.56 and its 200-day simple moving average is $24.49. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $146.08 million, a price-to-earnings ratio of 6.50 and a beta of 0.57.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last released its quarterly earnings data on Friday, October 25th. The bank reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. The business had revenue of $21.01 million for the quarter, compared to analyst estimates of $12.60 million. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. Sell-side analysts forecast that CB Financial Services will post 2.19 earnings per share for the current year.

CB Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, November 15th. CB Financial Services's dividend payout ratio (DPR) is presently 22.73%.

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.

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