CB Financial Services, Inc. (NASDAQ:CBFV) Sees Significant Decrease in Short Interest

CB Financial Services, Inc. (NASDAQ:CBFV) saw a large drop in short interest in June. As of June 30th, there was short interest totalling 3,400 shares, a drop of 12.8% from the June 15th total of 3,900 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 3,300 shares, the days-to-cover ratio is currently 1.0 days.

CB Financial Services Stock Up 1.3 %

Shares of NASDAQ CBFV traded up $0.30 during trading hours on Wednesday, hitting $22.90. The company had a trading volume of 4,271 shares, compared to its average volume of 3,674. CB Financial Services has a 1-year low of $20.10 and a 1-year high of $27.02. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $22.49 and its 200-day moving average is $22.54. The stock has a market capitalization of $117.71 million, a P/E ratio of 5.20 and a beta of 0.56.

CB Financial Services (NASDAQ:CBFV) last announced its quarterly earnings results on Friday, April 26th. The bank reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. CB Financial Services had a net margin of 25.36% and a return on equity of 9.12%. The firm had revenue of $13.51 million during the quarter, compared to analysts’ expectations of $12.10 million. On average, analysts expect that CB Financial Services will post 2.22 earnings per share for the current fiscal year.

CB Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date was Tuesday, May 14th. CB Financial Services’s payout ratio is currently 22.73%.

Hedge Funds Weigh In On CB Financial Services

An institutional investor recently raised its position in CB Financial Services stock. Janney Montgomery Scott LLC increased its holdings in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 326,985 shares of the bank’s stock after acquiring an additional 3,604 shares during the quarter. Janney Montgomery Scott LLC owned about 6.39% of CB Financial Services worth $7,786,000 as of its most recent SEC filing. 33.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com initiated coverage on shares of CB Financial Services in a report on Thursday, July 11th. They set a “hold” rating for the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $24.00 price objective (down from $26.00) on shares of CB Financial Services in a research note on Thursday, May 2nd.

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.