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 the month of 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 presently 4.6 days. Currently, 0.6% of the company’s shares are short sold.

CB Financial Services Stock Performance

CB Financial Services stock opened at $29.15 on Wednesday. The firm’s 50 day simple moving average is $29.74 and its 200 day simple moving average is $27.85. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services has a 1-year low of $20.75 and a 1-year high of $33.72. The firm has a market capitalization of $149.36 million, a PE ratio of 6.55 and a beta of 0.60.

Analysts Set New Price Targets

CBFV has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of CB Financial Services in a report on Thursday, December 26th. They set a “hold” rating on the stock. DA Davidson boosted their target price on CB Financial Services from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th.

Insider Buying and Selling at CB Financial Services

In other news, Vice Chairman Charles R. Guthrie sold 3,415 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $32.63, for a total transaction of $111,431.45. Following the transaction, the insider now owns 15,194 shares of the company’s stock, valued at $495,780.22. This represents a 18.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark E. Fox sold 3,538 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $31.50, for a total value of $111,447.00. Following the completion of the sale, the chairman now 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 7,703 shares of company stock valued at $247,995. 9.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CB Financial Services

A number of institutional investors and hedge funds have recently bought and sold shares of CBFV. Waldron Private Wealth LLC grew its position in CB Financial Services by 100.0% during the fourth quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank’s stock valued at $3,447,000 after acquiring an additional 60,306 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of CB Financial Services in the 3rd quarter valued at $941,000. Fourthstone LLC bought a new position in shares of CB Financial Services during the 3rd quarter valued at $373,000. Janney Montgomery Scott LLC raised its position in CB Financial Services by 2.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 364,939 shares of the bank’s stock worth $10,204,000 after purchasing an additional 8,143 shares during the period. Finally, Geode Capital Management LLC lifted its stake in CB Financial Services by 9.7% in the third quarter. Geode Capital Management LLC now owns 48,357 shares of the bank’s stock worth $1,352,000 after purchasing an additional 4,295 shares during the last quarter. 33.06% of the stock is owned by hedge funds and other 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.