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

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on CBFV shares. StockNews.com started coverage on shares of CB Financial Services in a research report on Tuesday, June 25th. 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.

CB Financial Services Stock Performance

CBFV traded down $0.42 during trading hours on Tuesday, hitting $22.24. 3,382 shares of the stock were exchanged, compared to its average volume of 3,603. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $114.31 million, a price-to-earnings ratio of 5.05 and a beta of 0.56. CB Financial Services has a 12 month low of $19.96 and a 12 month high of $27.02. The stock has a 50-day simple moving average of $22.40 and a 200-day simple moving average of $22.66.

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

CB Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend was Tuesday, May 14th. CB Financial Services’s dividend payout ratio is currently 22.73%.

Institutional Investors Weigh In On CB Financial Services

An institutional investor recently raised its position in CB Financial Services stock. Janney Montgomery Scott LLC lifted its stake in shares of CB Financial Services, Inc. (NASDAQ:CBFV) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 326,985 shares of the bank’s stock after purchasing an additional 3,604 shares during the quarter. Janney Montgomery Scott LLC owned about 6.39% of CB Financial Services worth $7,786,000 at the end of the most recent reporting period. 33.06% of the stock is currently owned by institutional investors.

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.