Short Interest in CB Financial Services, Inc. (NASDAQ:CBFV) Drops By 82.3%

CB Financial Services, Inc. (NASDAQ:CBFV) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 8,800 shares, a drop of 82.3% from the February 28th total of 49,700 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 13,600 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on CB Financial Services in a research note on Thursday, December 26th. They set a “hold” rating for the company.

Institutional Investors Weigh In On CB Financial Services

Several hedge funds have recently modified their holdings of CBFV. Waldron Private Wealth LLC boosted its holdings in CB Financial Services by 100.0% in the 4th quarter. Waldron Private Wealth LLC now owns 120,612 shares of the bank’s stock worth $3,447,000 after acquiring an additional 60,306 shares during the period. Geode Capital Management LLC grew 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in CB Financial Services during the 3rd quarter valued at $941,000. Empowered Funds LLC increased its position in shares of CB Financial Services by 1.8% during the fourth quarter. Empowered Funds LLC now owns 33,172 shares of the bank’s stock worth $948,000 after acquiring an additional 600 shares during the last quarter. Finally, M3F Inc. purchased a new stake in CB Financial Services during the 4th quarter worth approximately $916,000. 33.06% of the stock is currently owned by hedge funds and other institutional investors.

CB Financial Services Trading Up 0.8 %

Shares of CBFV stock opened at $29.30 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.23. CB Financial Services has a fifty-two week low of $20.75 and a fifty-two week high of $33.72. The firm’s 50 day moving average price is $28.96 and its two-hundred day moving average price is $29.00. The stock has a market cap of $150.05 million, a price-to-earnings ratio of 12.26 and a beta of 0.64.

CB Financial Services (NASDAQ:CBFV) last posted its earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.12). CB Financial Services had a net margin of 15.43% and a return on equity of 7.45%. On average, analysts anticipate that CB Financial Services will post 1.82 EPS for the current year.

CB Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, February 14th. CB Financial Services’s payout ratio is 41.84%.

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.