CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Down 31.6% in November

CB Financial Services, Inc. (NASDAQ:CBFV) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 5,400 shares, a decline of 31.6% from the October 31st total of 7,900 shares. Based on an average trading volume of 5,300 shares, the short-interest ratio is presently 1.0 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On CB Financial Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in CB Financial Services by 12.7% in the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after acquiring an additional 943 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 1,119 shares during the period. Empowered Funds LLC boosted its holdings in shares of CB Financial Services by 5.2% during the third quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after purchasing an additional 1,608 shares during the period. De Lisle Partners LLP grew its stake in shares of CB Financial Services by 9.1% in the third quarter. De Lisle Partners LLP now owns 29,255 shares of the bank’s stock worth $823,000 after purchasing an additional 2,429 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in CB Financial Services by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock valued at $1,352,000 after purchasing an additional 4,295 shares during the period. 33.06% of the stock is currently owned by institutional investors.

CB Financial Services Trading Up 1.4 %

NASDAQ CBFV traded up $0.43 during trading on Friday, hitting $31.99. 4,476 shares of the company’s stock traded hands, compared to its average volume of 7,443. The stock has a fifty day moving average of $28.82 and a two-hundred day moving average of $25.76. CB Financial Services has a 12-month low of $20.75 and a 12-month high of $31.99. The firm has a market cap of $163.79 million, a P/E ratio of 7.19 and a beta of 0.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.87 and a quick ratio of 0.87.

CB Financial Services (NASDAQ:CBFV) last issued its earnings results on Friday, October 25th. The bank reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. The company had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $12.60 million. CB Financial Services had a return on equity of 8.27% and a net margin of 24.51%. As a group, sell-side analysts expect that CB Financial Services will post 2.18 EPS for the current year.

CB Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Friday, November 15th. CB Financial Services’s dividend payout ratio is 22.47%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com assumed coverage on CB Financial Services in a research note on Sunday, November 24th. They issued a “hold” rating on the stock. DA Davidson increased their price objective on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th.

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.