CB Financial Services, Inc. (NASDAQ:CBFV) Short Interest Up 506.7% in January

CB Financial Services, Inc. (NASDAQ:CBFV) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 27,300 shares, a growth of 506.7% from the December 31st total of 4,500 shares. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is currently 4.6 days. Currently, 0.6% of the shares of the stock are short sold.

Analysts Set New Price Targets

CBFV has been the subject of several recent analyst reports. StockNews.com assumed coverage on CB Financial Services in a research report on Thursday, December 26th. They issued a “hold” rating for the company. DA Davidson lifted their target price on CB Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th.

CB Financial Services Stock Down 0.2 %

Shares of NASDAQ CBFV traded down $0.06 during mid-day trading on Tuesday, reaching $29.15. The company had a trading volume of 4,793 shares, compared to its average volume of 6,538. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87. CB Financial Services has a twelve month low of $20.75 and a twelve month high of $33.72. The stock’s 50 day moving average is $29.74 and its 200-day moving average is $27.81. The stock has a market capitalization of $149.25 million, a PE ratio of 6.55 and a beta of 0.60.

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, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $21.01 million for the quarter, compared to analyst estimates 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, equities analysts anticipate that CB Financial Services will post 2.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CB Financial Services news, Chairman Mark E. Fox sold 3,538 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $31.50, for a total transaction of $111,447.00. Following the completion of the sale, the chairman now directly owns 11,414 shares of the company’s stock, valued at approximately $359,541. This represents a 23.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Charles R. Guthrie sold 3,415 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $32.63, for a total transaction of $111,431.45. Following the completion of the transaction, the insider now owns 15,194 shares of the company’s stock, valued at approximately $495,780.22. The trade was a 18.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,703 shares of company stock worth $247,995 in the last ninety days. 9.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CB Financial Services

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of CB Financial Services by 12.7% during the 3rd quarter. Barclays PLC now owns 8,373 shares of the bank’s stock worth $234,000 after acquiring an additional 943 shares in the last quarter. Fourthstone LLC acquired a new position in CB Financial Services during the third quarter valued at approximately $373,000. De Lisle Partners LLP raised its position 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 valued at $823,000 after purchasing an additional 2,429 shares during the period. Empowered Funds LLC lifted its stake in shares of CB Financial Services by 5.2% in the third quarter. Empowered Funds LLC now owns 32,572 shares of the bank’s stock worth $911,000 after buying an additional 1,608 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of CB Financial Services during the 3rd quarter worth $941,000. 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.