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

CB Financial Services, Inc. (NASDAQ:CBFV) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 3,900 shares, a growth of 8.3% from the May 31st total of 3,600 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 3,200 shares, the short-interest ratio is presently 1.2 days.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CBFV shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $24.00 price objective (down from $26.00) on shares of CB Financial Services in a report on Thursday, May 2nd. StockNews.com started coverage on CB Financial Services in a report on Tuesday, June 25th. They issued a “hold” rating for the company.

CB Financial Services Price Performance

Shares of CB Financial Services stock traded down $0.42 during trading on Tuesday, reaching $22.24. 3,382 shares of the company’s stock were exchanged, compared to its average volume of 3,603. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 0.89. CB Financial Services has a 1-year low of $19.96 and a 1-year high of $27.02. The company has a market cap of $114.31 million, a P/E ratio of 5.05 and a beta of 0.56. The firm’s 50-day moving average price is $22.40 and its 200 day moving average price is $22.66.

CB Financial Services (NASDAQ:CBFV) last posted its quarterly earnings results on Friday, April 26th. The bank reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. CB Financial Services had a return on equity of 9.12% and a net margin of 25.36%. The company had revenue of $13.51 million during the quarter, compared to analysts’ expectations of $12.10 million. As a group, research analysts anticipate that CB Financial Services will post 2.22 earnings per share for the current year.

CB Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.50%. CB Financial Services’s dividend payout ratio (DPR) is currently 22.73%.

Hedge Funds Weigh In On CB Financial Services

A hedge fund recently raised its stake in CB Financial Services stock. Empowered Funds LLC lifted its holdings in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 7.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,804 shares of the bank’s stock after buying an additional 2,100 shares during the period. Empowered Funds LLC owned about 0.56% of CB Financial Services worth $623,000 as of its most recent filing with the SEC. 33.06% of the stock is currently owned by institutional investors and hedge funds.

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.