CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Update

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 24,900 shares, an increase of 25.1% from the May 15th total of 19,900 shares. Based on an average daily volume of 15,600 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.5% of the shares of the stock are sold short.

Insiders Place Their Bets

In other news, Director John Swiatek bought 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were acquired at an average price of $28.80 per share, with a total value of $34,560.00. Following the acquisition, the director now owns 7,534 shares of the company’s stock, valued at approximately $216,979.20. The trade was a 18.95% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 9.70% of the stock is owned by corporate insiders.

Institutional Trading of CB Financial Services

Several institutional investors and hedge funds have recently made changes to their positions in CBFV. Bank of America Corp DE grew its position in CB Financial Services by 1,093.4% in the fourth quarter. Bank of America Corp DE now owns 3,807 shares of the bank’s stock worth $109,000 after acquiring an additional 3,488 shares in the last quarter. Acadian Asset Management LLC lifted its stake in CB Financial Services by 30.3% during the first quarter. Acadian Asset Management LLC now owns 4,158 shares of the bank’s stock worth $115,000 after purchasing an additional 966 shares during the last quarter. ORG Partners LLC bought a new stake in CB Financial Services during the first quarter worth about $211,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of CB Financial Services by 11.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,467 shares of the bank’s stock worth $241,000 after purchasing an additional 892 shares in the last quarter. Finally, Fiduciary Trust Co bought a new position in shares of CB Financial Services during the 4th quarter valued at about $266,000. Hedge funds and other institutional investors own 33.06% of the company’s stock.

CB Financial Services Price Performance

Shares of NASDAQ CBFV opened at $27.53 on Friday. The stock’s 50-day simple moving average is $28.83 and its two-hundred day simple moving average is $28.96. CB Financial Services has a twelve month low of $20.75 and a twelve month high of $33.72. The firm has a market capitalization of $138.20 million, a P/E ratio of 14.34 and a beta of 0.29. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.23.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.50 EPS for the quarter, topping the consensus estimate of $0.43 by $0.07. The company had revenue of $12.10 million during the quarter, compared to analyst estimates of $12.69 million. CB Financial Services had a return on equity of 7.00% and a net margin of 12.83%. As a group, equities analysts anticipate that CB Financial Services will post 1.82 EPS for the current fiscal year.

CB Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, May 16th. CB Financial Services’s payout ratio is 52.08%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of CB Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, April 30th.

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.