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

CBB Bancorp, Inc. (OTCMKTS:CBBI) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 1,200 shares, a decrease of 29.4% from the November 30th total of 1,700 shares. Based on an average trading volume of 9,000 shares, the days-to-cover ratio is presently 0.1 days.

CBB Bancorp Trading Up 0.1 %

Shares of CBBI traded up $0.01 on Friday, reaching $10.81. The company’s stock had a trading volume of 160 shares, compared to its average volume of 12,707. The stock has a market capitalization of $114.46 million, a PE ratio of 4.83 and a beta of 0.55. CBB Bancorp has a twelve month low of $9.22 and a twelve month high of $10.95. The firm has a fifty day moving average of $10.58 and a 200-day moving average of $10.27.

CBB Bancorp (OTCMKTS:CBBI) last posted its quarterly earnings data on Friday, October 25th. The company reported $0.53 earnings per share (EPS) for the quarter. The firm had revenue of $17.69 million for the quarter.

CBB Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from CBB Bancorp’s previous quarterly dividend of $0.08. CBB Bancorp’s dividend payout ratio (DPR) is 17.86%.

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.