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

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 27,300 shares, a growth of 506.7% from the December 15th total of 4,500 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is presently 4.6 days.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CBFV. StockNews.com started coverage on shares of CB Financial Services in a report on Thursday, December 26th. They issued a “hold” rating on the stock. DA Davidson raised their target price on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th.

Insider Buying and Selling

In related news, 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 sale, the chairman now directly owns 11,414 shares of the company’s stock, valued at $359,541. This trade represents a 23.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $32.63, for a total value of $111,431.45. Following the transaction, the insider now directly owns 15,194 shares of the company’s stock, valued at approximately $495,780.22. The trade was 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 quarter. 9.40% of the stock is owned by company insiders.

Institutional Trading of CB Financial Services

Several hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of CB Financial Services in the 3rd quarter valued at approximately $941,000. Barclays PLC lifted its position in CB Financial Services by 12.7% during the third quarter. Barclays PLC now owns 8,373 shares of the bank’s stock valued at $234,000 after buying an additional 943 shares during the period. Geode Capital Management LLC boosted its holdings in shares of CB Financial Services by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock valued at $1,352,000 after buying an additional 4,295 shares in the last quarter. Fourthstone LLC purchased a new stake in shares of CB Financial Services in the 3rd quarter worth about $373,000. Finally, De Lisle Partners LLP increased its stake in shares of 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 acquiring an additional 2,429 shares in the last quarter. 33.06% of the stock is owned by institutional investors.

CB Financial Services Stock Performance

Shares of CBFV traded down $0.12 during mid-day trading on Monday, hitting $26.73. The stock had a trading volume of 10,454 shares, compared to its average volume of 9,832. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $136.96 million, a P/E ratio of 6.01 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. The business has a fifty day moving average price of $29.89 and a 200-day moving average price of $27.34.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Friday, October 25th. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The firm had revenue of $21.01 million during the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a net margin of 24.51% and a return on equity of 8.27%. On average, equities research analysts expect that CB Financial Services will post 2.18 EPS for the current year.

CB Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.74%. CB Financial Services’s payout ratio is 22.47%.

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.