Short Interest in CB Financial Services, Inc. (NASDAQ:CBFV) Rises By 18.6%

CB Financial Services, Inc. (NASDAQ:CBFV) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 8,300 shares, a growth of 18.6% from the March 15th total of 7,000 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 3,700 shares, the short-interest ratio is presently 2.2 days.

Hedge Funds Weigh In On CB Financial Services

Several institutional investors and hedge funds have recently made changes to their positions in CBFV. Steward Partners Investment Advisory LLC acquired a new position in CB Financial Services in the 4th quarter worth $130,000. Dimensional Fund Advisors LP acquired a new position in CB Financial Services in the 3rd quarter worth $233,000. State Street Corp boosted its stake in CB Financial Services by 10.2% in the 2nd quarter. State Street Corp now owns 11,641 shares of the bank’s stock worth $266,000 after purchasing an additional 1,080 shares during the period. Goldman Sachs Group Inc. acquired a new position in CB Financial Services in the 2nd quarter worth $266,000. Finally, Stifel Financial Corp boosted its stake in CB Financial Services by 5.1% in the 1st quarter. Stifel Financial Corp now owns 15,790 shares of the bank’s stock worth $343,000 after purchasing an additional 763 shares during the period. Institutional investors and hedge funds own 33.06% of the company’s stock.

CB Financial Services Price Performance

Shares of CBFV stock opened at $21.22 on Tuesday. CB Financial Services has a 12-month low of $17.20 and a 12-month high of $27.02. The firm has a market capitalization of $109.07 million, a price-to-earnings ratio of 4.86 and a beta of 0.56. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average of $21.89 and a 200-day moving average of $22.43.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. CB Financial Services had a net margin of 26.15% and a return on equity of 10.26%. The company had revenue of $27.65 million during the quarter, compared to analyst estimates of $12.90 million. On average, equities research analysts forecast that CB Financial Services will post 2.17 earnings per share for the current year.

CB Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend was Wednesday, February 14th. CB Financial Services’s dividend payout ratio (DPR) is 22.88%.

Analyst Upgrades and Downgrades

CBFV has been the subject of a number of analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $24.00 target price on shares of CB Financial Services in a report on Monday, February 5th. StockNews.com initiated coverage on shares of CB Financial Services in a report on Sunday. They set a “hold” rating for the company.

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.