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

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

CB Financial Services Trading Down 0.6 %

NASDAQ:CBFV opened at $21.22 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a 50-day moving average of $21.89 and a 200-day moving average of $22.43. The company has a market cap of $109.07 million, a PE ratio of 4.86 and a beta of 0.56. CB Financial Services has a one year low of $17.20 and a one year high of $27.02.

CB Financial Services (NASDAQ:CBFV) last posted its earnings results on Wednesday, January 31st. The bank reported $0.60 EPS for the quarter, topping 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 the consensus estimate of $12.90 million. As a group, equities research analysts expect that CB Financial Services will post 2.17 EPS for the current fiscal year.

CB Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date was Wednesday, February 14th. CB Financial Services’s payout ratio is 22.88%.

Institutional Investors Weigh In On CB Financial Services

A number of institutional investors have recently added to or reduced their stakes in CBFV. Alliancebernstein L.P. grew its position in CB Financial Services by 162.1% in the 2nd quarter. Alliancebernstein L.P. now owns 89,003 shares of the bank’s stock worth $1,842,000 after purchasing an additional 55,039 shares in the last quarter. BlackRock Inc. grew its position in CB Financial Services by 266.7% in the 3rd quarter. BlackRock Inc. now owns 46,087 shares of the bank’s stock worth $1,002,000 after purchasing an additional 33,520 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in CB Financial Services in the 2nd quarter worth about $266,000. Janney Montgomery Scott LLC boosted its stake in CB Financial Services by 3.9% in the third quarter. Janney Montgomery Scott LLC now owns 323,381 shares of the bank’s stock valued at $6,920,000 after acquiring an additional 12,218 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in CB Financial Services in the third quarter valued at about $233,000. 33.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CBFV shares. StockNews.com started coverage on shares of CB Financial Services in a research note on Sunday. They issued a “hold” rating for the company. DA Davidson reissued a “neutral” rating and set a $24.00 target price on shares of CB Financial Services in a research report on Monday, February 5th.

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.