CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Up 40.6% in December

CB Financial Services, Inc. (NASDAQ:CBFV) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 4,500 shares, a growth of 40.6% from the November 30th total of 3,200 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 5,200 shares, the days-to-cover ratio is currently 0.9 days.

CB Financial Services Price Performance

Shares of NASDAQ CBFV traded down $0.21 during mid-day trading on Monday, reaching $28.46. 10,118 shares of the company were exchanged, compared to its average volume of 4,487. CB Financial Services has a 52 week low of $20.75 and a 52 week high of $33.72. The company’s 50 day moving average price is $29.98 and its 200 day moving average price is $26.94. The stock has a market capitalization of $145.83 million, a PE ratio of 6.40 and a beta of 0.58. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings results on Friday, October 25th. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. The business had revenue of $21.01 million for the quarter, compared to the consensus estimate of $12.60 million. Sell-side analysts forecast that CB Financial Services will post 2.18 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, November 15th. CB Financial Services’s payout ratio is currently 22.47%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CBFV. StockNews.com began coverage on shares of CB Financial Services in a research report on Thursday. They issued a “hold” rating for the company. DA Davidson boosted their price target on shares of CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th.

Insider Buying and Selling

In other news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $32.63, for a total value of $111,431.45. Following the completion of the transaction, the insider now directly owns 15,194 shares of the company’s stock, valued at $495,780.22. This trade represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark E. Fox sold 3,538 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was 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 owns 11,414 shares of the company’s stock, valued at approximately $359,541. This represents a 23.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,703 shares of company stock valued at $247,995. 9.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its position in CB Financial Services by 115.4% during the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock valued at $46,000 after buying an additional 1,119 shares during the period. Barclays PLC boosted its holdings 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. Fourthstone LLC bought a new position in CB Financial Services during the 3rd quarter worth approximately $373,000. Commonwealth Equity Services LLC bought a new position in CB Financial Services during the 2nd quarter worth approximately $393,000. Finally, De Lisle Partners LLP increased its stake in CB Financial Services by 9.1% in the 3rd 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 period. 33.06% of the stock is owned by hedge funds and other institutional investors.

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.