Short Interest in CB Financial Services, Inc. (NASDAQ:CBFV) Expands By 506.7%

CB Financial Services, Inc. (NASDAQ:CBFV - Get Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 27,300 shares, a growth of 506.7% from the December 31st total of 4,500 shares. Based on an average trading volume of 6,000 shares, the short-interest ratio is currently 4.6 days. Approximately 0.6% of the shares of the company are short sold.

CB Financial Services Trading Down 0.2 %

Shares of CBFV stock traded down $0.06 during mid-day trading on Friday, reaching $29.64. The stock had a trading volume of 3,210 shares, compared to its average volume of 6,378. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The stock's 50-day moving average price is $29.73 and its two-hundred day moving average price is $27.88. The firm has a market capitalization of $151.73 million, a PE ratio of 12.42 and a beta of 0.60. CB Financial Services has a 52-week low of $20.75 and a 52-week high of $33.72.

CB Financial Services (NASDAQ:CBFV - Get Free Report) last posted its earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share (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%. Equities analysts expect that CB Financial Services will post 1.89 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.37%. CB Financial Services's payout ratio is 41.84%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com initiated coverage on CB Financial Services in a research note on Thursday, December 26th. They issued a "hold" rating on the stock. DA Davidson lifted their price target on shares of CB Financial Services from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th.

Insider Transactions at CB Financial Services

In other news, Chairman Mark E. Fox sold 3,538 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $31.50, for a total value of $111,447.00. Following the completion of the transaction, the chairman now directly owns 11,414 shares in the company, valued at approximately $359,541. This trade represents a 23.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly owns 15,194 shares in the company, valued at $495,780.22. This trade represents a 18.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,703 shares of company stock valued at $247,995 over the last three months. Company insiders own 9.40% of the company's stock.

Institutional Trading of CB Financial Services

Hedge funds have recently modified their holdings of the business. Empowered Funds LLC increased its position in CB Financial Services by 1.8% during the 4th quarter. Empowered Funds LLC now owns 33,172 shares of the bank's stock valued at $948,000 after buying an additional 600 shares in the last quarter. Barclays PLC lifted its stake in CB Financial Services by 12.7% during the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank's stock valued at $234,000 after acquiring an additional 943 shares during the period. De Lisle Partners LLP boosted its holdings 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 worth $823,000 after purchasing an additional 2,429 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CB Financial Services by 9.7% in the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank's stock worth $1,352,000 after acquiring an additional 4,295 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in CB Financial Services by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank's stock worth $10,204,000 after purchasing an additional 8,143 shares during the last quarter. Institutional investors own 33.06% of the company's stock.

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.