CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Up 8.3% in June

CB Financial Services, Inc. (NASDAQ:CBFV) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 3,900 shares, an increase of 8.3% from the May 31st total of 3,600 shares. Based on an average daily trading volume, of 3,200 shares, the short-interest ratio is currently 1.2 days. Currently, 0.1% of the shares of the company are sold short.

CB Financial Services Trading Up 0.7 %

CB Financial Services stock opened at $22.39 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. CB Financial Services has a 12 month low of $19.96 and a 12 month high of $27.02. The stock’s 50 day simple moving average is $22.43 and its two-hundred day simple moving average is $22.64. The firm has a market cap of $115.10 million, a PE ratio of 5.09 and a beta of 0.56.

CB Financial Services (NASDAQ:CBFV) last released its quarterly earnings data on Friday, April 26th. The bank reported $0.62 EPS for the quarter, topping the consensus estimate of $0.53 by $0.09. CB Financial Services had a return on equity of 9.12% and a net margin of 25.36%. The business had revenue of $13.51 million for the quarter, compared to analyst estimates of $12.10 million. Analysts anticipate that CB Financial Services will post 2.22 earnings per share for the current year.

CB Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Tuesday, May 14th. CB Financial Services’s payout ratio is 22.73%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CB Financial Services stock. Empowered Funds LLC lifted its holdings in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 7.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,804 shares of the bank’s stock after buying an additional 2,100 shares during the quarter. Empowered Funds LLC owned approximately 0.56% of CB Financial Services worth $623,000 as of its most recent SEC filing. Institutional investors own 33.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $24.00 target price (down previously from $26.00) on shares of CB Financial Services in a research report on Thursday, May 2nd. StockNews.com initiated coverage on CB Financial Services in a research report on Wednesday. They issued a “hold” rating on the stock.

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.