CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Up 41.3% in September

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 6,500 shares, an increase of 41.3% from the August 31st total of 4,600 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 4,900 shares, the days-to-cover ratio is presently 1.3 days.

CB Financial Services Stock Up 1.4 %

CB Financial Services stock traded up $0.40 during midday trading on Friday, hitting $28.40. 5,734 shares of the stock were exchanged, compared to its average volume of 4,134. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. The company has a 50 day moving average price of $25.97 and a two-hundred day moving average price of $23.50. The firm has a market cap of $146.03 million, a P/E ratio of 6.45 and a beta of 0.57. CB Financial Services has a 1 year low of $20.52 and a 1 year high of $29.50.

CB Financial Services (NASDAQ:CBFV) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. The firm had revenue of $19.63 million during the quarter, compared to the consensus estimate of $12.60 million. CB Financial Services had a return on equity of 8.61% and a net margin of 24.64%. On average, sell-side analysts predict that CB Financial Services will post 2.21 earnings per share for the current fiscal year.

CB Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, August 15th. CB Financial Services’s dividend payout ratio is currently 22.73%.

Wall Street Analyst Weigh In

CBFV has been the subject of several recent analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $25.00 price target (up previously from $24.00) on shares of CB Financial Services in a report on Monday, July 29th. StockNews.com began coverage on shares of CB Financial Services in a report on Sunday. They issued a “hold” rating for the company.

Institutional Investors Weigh In On CB Financial Services

Institutional investors have recently modified their holdings of the stock. Empowered Funds LLC increased its stake in CB Financial Services by 7.9% during the first quarter. Empowered Funds LLC now owns 28,804 shares of the bank’s stock valued at $623,000 after purchasing an additional 2,100 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of CB Financial Services in the 2nd quarter valued at about $393,000. Finally, Acadian Asset Management LLC raised its stake in CB Financial Services by 115.4% during the second quarter. Acadian Asset Management LLC now owns 2,089 shares of the bank’s stock worth $46,000 after acquiring an additional 1,119 shares during the period. Institutional investors and hedge funds own 33.06% of the company’s 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.