CBB Bancorp, Inc. (OTCMKTS:CBBI) Sees Significant Drop in Short Interest

CBB Bancorp, Inc. (OTCMKTS:CBBI - Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 100 shares, a decrease of 50.0% from the September 30th total of 200 shares. Based on an average trading volume of 6,200 shares, the short-interest ratio is currently 0.0 days.

CBB Bancorp Stock Performance

CBBI traded up $0.25 on Friday, reaching $10.27. 44,045 shares of the company's stock were exchanged, compared to its average volume of 14,116. The company's 50 day moving average is $10.35 and its 200-day moving average is $9.98. The company has a market cap of $108.74 million, a price-to-earnings ratio of 3.97 and a beta of 0.55. CBB Bancorp has a twelve month low of $9.22 and a twelve month high of $10.55.

CBB Bancorp (OTCMKTS:CBBI - Get Free Report) last posted its earnings results on Friday, July 26th. The company reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $17.70 million for the quarter.

CBB Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.10 dividend. This is an increase from CBB Bancorp's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.40 annualized dividend and a yield of 3.89%. CBB Bancorp's dividend payout ratio (DPR) is 12.36%.

About CBB Bancorp

CBB Bancorp, Inc operates as the holding company for Commonwealth Business Bank that provides various commercial banking products and services to individuals and businesses in the United States. It offers checking, savings, money market, and certification of deposit accounts; SBA lending; business lines of credit; business term loans; business and commercial property loans; construction loans; and credit cards.