CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 28,100 shares, a drop of 63.3% from the January 31st total of 76,500 shares. Approximately 0.6% of the company's stock are short sold. Based on an average daily trading volume, of 9,200 shares, the days-to-cover ratio is presently 3.1 days.
CB Financial Services Stock Performance
NASDAQ CBFV traded up $0.10 during trading hours on Tuesday, reaching $27.91. The stock had a trading volume of 17,092 shares, compared to its average volume of 5,742. CB Financial Services has a 52-week low of $20.75 and a 52-week high of $33.72. The stock has a fifty day moving average of $28.96 and a 200 day moving average of $28.79. 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 stock has a market cap of $143.01 million, a P/E ratio of 11.68 and a beta of 0.60.
CB Financial Services (NASDAQ:CBFV - Get Free Report) last released its quarterly earnings data 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 net margin of 15.43% and a return on equity of 7.45%. Sell-side analysts predict that CB Financial Services will post 1.82 earnings per share for the current year.
CB Financial Services Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.58%. The ex-dividend date was Friday, February 14th. CB Financial Services's dividend payout ratio is currently 41.84%.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on CB Financial Services in a research note on Thursday, December 26th. They issued a "hold" rating for the company.
View Our Latest Analysis on CB Financial Services
Insider Buying and Selling at CB Financial Services
In other CB Financial Services news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the company's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $32.63, for a total transaction of $111,431.45. Following the transaction, the insider now owns 15,194 shares in the company, valued at approximately $495,780.22. This represents a 18.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Mark E. Fox sold 3,538 shares of CB Financial Services stock in a transaction 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 sale, the chairman now owns 11,414 shares of the company's stock, valued at $359,541. The trade was a 23.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,703 shares of company stock worth $247,995. 9.40% of the stock is owned by insiders.
Hedge Funds Weigh In On CB Financial Services
A number of institutional investors have recently modified their holdings of CBFV. Waldron Private Wealth LLC grew its holdings in CB Financial Services by 100.0% during the fourth quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank's stock worth $3,447,000 after acquiring an additional 60,306 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in CB Financial Services in the 3rd quarter worth approximately $941,000. M3F Inc. purchased a new stake in CB Financial Services in the 4th quarter worth approximately $916,000. Fourthstone LLC acquired a new stake in shares of CB Financial Services during the 3rd quarter worth approximately $373,000. Finally, 683 Capital Management LLC purchased a new position in shares of CB Financial Services during the 4th quarter valued at approximately $344,000. Hedge funds and other institutional investors own 33.06% of the company's stock.
CB Financial Services Company Profile
(
Get Free Report)
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.
Further Reading
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